October 22, 2019 | Cyber Security, Industry Insights

Is Your Company Protected from the Threat of Cyber-Attacks?

Share This:
Featured Image

Recently Roanoke’s VP of Client Development, Richard Bridges, published a compelling article tackling cyber-attacks in CNS Air Cargo Focus. Deeply involved in international trade and insurance for more than 18 years, Rick is no stranger to issues of cybersecurity.

 

Every company, industry, and institution is vulnerable to cyber-attacks. Ransomware has exploded and hackers are exploiting the plethora of options they now have to access your company’s sensitive and confidential information. From healthcare institutions to your transportation and logistics providers, everyone is at risk of a data breach.

The article highlights some valuable defense mechanisms companies can use to fight back:

 

  1. Employee education
  2. Network segmentation
  3. Up-to-date anti-malware software
  4. SSL encryptions on all sensitive information
  5. Backing up confidential information locally, offsite and in the cloud
  6. Investing in cyber insurance to cover the costs of a breach

 

Cybercriminals are known to target transportation and logistics providers because they are able to intercept the time and place that large deliveries are being made or when shipments may be left unattended. Organized cargo theft rings are happy to take advantage of companies who do not effectively protect themselves from ransomware threats.

We encourage each and every one of our customers to read Rick’s article so you can learn more about how your company may be vulnerable to cyber-attacks and how you can do everything in your power to prevent them from happening in your business.

Read the full article from Rick in CNS Air Cargo Focus, here.

Share This:

Related


How to Protect Your Company from Nuclear Bodily Injury Verdicts

The liability landscape for the trade and transportation industry is changing. Carrier accidents on the road resulting in bodily injury and property damage (BIPD) claims pose a real financial threat to brokers, forwarders, and other transportation intermediaries. Recently, the number of large trucks involved in fatal crashes and the resulting jury awards have skyrocketed. Inconsistent application of the law has put the burden of these “nuclear verdicts” on not just the carriers but also the broker-forwarders responsible for hiring the carriers. This volatile litigation landscape and the rise in “nuclear verdicts” has specifically led to two related issues for transportation […]

Industry Insights

Can Your Business Sustain a Cyber Attack?

Written by Amanda Barlow and featured in FORWARD Magazine Cyber risk is one of the most challenging systemic risks for small to medium sized enterprises, including the freight-forwarding sector. How ready companies are to recover from a cyberattack depends on their cyber resiliency and response services. Amanda Barlow, regional vice president at Roanoke, defines the cyber landscape for air forwarders and provides tips for getting your company “cyber-resiliency ready”. Read the entire article on page 28 in FORWARD Magazine: https://emflipbooks.com/flipbooks/AfA/FORWARD/Fall2022/  Contact us to learn more about our cyber insurance solutions.

Cyber Security

Informed and Motivated Employees Are Your First Line of Defense Against Cybercrime

While cyberattacks caused by sophisticated cybercriminals and the advent of artificial intelligence (AI) make headline news, human error continues to drive most cyber events. According to Harvard Business Review (HBR), more than 80% of cyber incidents are attributed to end-user error. The worldwide cost of cybercrime was estimated at $10 trillion in 2023 and is expected to more than double in the next four years. In addition, in a 2022 study by Stanford University, 90% of ransomware attacks originated through phishing emails to employees, according to an article by Maria Long, Vice President, Cyber Underwriter & Risk Management Portfolio Leader […]

Cyber Security

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc.

Better Business Bureau logoCoverholder at Lloyd's logo