cyber liability

Our Identities are Under Threat!

Due to deception tactics fueled by artificial intelligence (AI), the Identity Theft Resource Center (ITRC) has reported astonishing data about identity-related crimes.  Of the 9,000+ crimes that were reported between 2024 and 2025, 52% involved the misuse of personal information and 35% involved data compromises. 

It also turns out that 51% of scammers often impersonate businesses, with 32% of cases involving the impersonation of government agencies, and 21% impersonating financial institutions.  These types of scams often involve spoofed emails, fake websites, and fraudulent customer service lines where sensitive information like social security numbers, payment details, and driver's license numbers are illegally collected.  

If you get a call from your bank asking for money, and you are unsure of the validity of the call, hang up and call your bank to ask if the request is a valid one.  This would also allow you the opportunity to let your bank know this is an issue they have to address to protect their clients. 

If it's an email, never click on a link if you do not know who the email is from.  Furthermore, many scam emails will show the name of a person you might know as the sender, but the email address will be a funky email address so always double check the email addresss the message is coming from!

To spot a fake website, check the URL for misspellings, look for HTTPS and a padlock, examine the design for poor quality or grammar, verify contact info and policies (Privacy, Returns), research reviews and domain age (using Whois), and be suspicious of deals that seem too good to be true or urgent language.

Let's make sure we are doing what we can to protect what is ours!

Cyber Liability and How an Insurance Broker Can Help

Cyber liability is the legal responsibility businesses and individuals can be held accountable for, for damages caused by data breaches and cyber-attacks. This can include expenses like credit monitoring, identity theft protection, and legal fees. It can also cover lost income if customers stop doing business with you because their personal information was compromised in a data breach.

How to Get Higher Cyber Limits When You Need Them the Most

If there's any term that strikes fear in the hearts of risk managers and many brokers alike, it's cyber. Not only is the landscape of cyber risk evolving and changing by the day, but comprehensive coverage against cyberattacks, ransomware, and other threats has gone from a nice-to-have add-on to a foundational part of enterprise risk management.

Tips On How Physicians Can Prevent Data Breaches

Between 20016 and 2019, more than $20 million was paid out for HIPAA fines. Although some of these breaches were considerable enough to make the news, most practices cannot and should not take a breach of security lightly.

Starting a Successful Private Practice – Laying the Foundation 

Opening up your own practice can be a long and laborious process but the long-term rewarding benefits can enrich your life.  Some examples of these benefits include enhanced physician-patient relationships and the freedom to practice guided by your own personal and professional goals.  Building a solid foundation in the early planning stages will prepare you for a successful practice in the future.  The necessary steps to start building this foundation are described below.