U.S. E & O Brokers Blog: 10_2016
View the latest blog posts from U.S. E & O Brokers.
Thursday, October 27, 2016The cost of a typical cyber breach to an American company is much less than has been generally estimated, providing one possible explanation for why companies do not invest more to improve computer security, according to a new RAND Corp. study. The typical cost of a breach is about $200,000 and most cyber events cost companies less than 0. READ MORE >>
Thursday, October 27, 2016Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights report is based on the insurer’s client data breaches in the first nine months of 2016. READ MORE >>
Monday, October 24, 2016Cyberattacks on small businesses are a real and growing problem, and the latest research by Nationwide shows owners are not prepared. Small businesses fall into hackers’ cybersecurity sweet spot — they have more digital assets to target than an individual consumer has, but less security than a larger enterprise, according to Nationwide. READ MORE >>
Monday, October 17, 2016As a business owner, your goal is to provide a service and receive payment for it. However, there are instances in which you may be unable to make a full claim for the costs you’ve incurred due to factors out of your control. In some cases, you may provide thousands of dollars’ worth of service only to find that you cannot charge anyone for those fees. READ MORE >>
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