Risk Management Q&A Panel: NCBFAA Annual Conference 2022

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 […]

5 WAYS TO BE CYBER SECURE AT WORK Your cyber security is only as strong as the weakest link in your organization. Cybercrime is a fulltime – and very lucrative – job for hackers who thrive on exploiting gaps in your security and gaps in the knowledge and judgement of your employees. One inadvertent link click can cost tens of thousands of dollars and take down your company for days. This is why the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency has launched a campaign called “Do Your Part – #BeCyberSmart.” October is National Cybersecurity Awareness Month, […]

  Fraud. It happens every day. We think of protecting our personal interests, but what about our businesses, employees and clients? Are you prepared to handle the potentially crippling ramifications if your business is hacked or held for ransom? What is cyber insurance? Dealing with cyber crime is not as simple as paying a ransom and moving on. Freight forwarders are at heightened risk for targeting by cyber criminals because all of their business activities are conducted electronically. And while familiarity with the risks grows daily, cyber crime is still a relatively new exposure in the industry. Small and mid-size […]