A cyber security incident calls for a fix, and the quicker the better. But as a company deals with immediate issues in the wake of a breach, can it also grow a stronger, more secure system? At the NetDiligence Virtual Summer Summit on June 30, panelists Tim Francis (Travelers), Sean Curran (West Monroe), and Ron…

The Non-Affirmative Cyber panel, hosted on June 30, 2020 at NetDiligence’s Virtual Cyber Summit had one clear message: non-affirmative is on its way out, and insurers need to respond with solutions that clearly and explicitly cover cyber risk in ways that insureds can understand and depend on. Moderator Robert Parisi (Marsh) began with an outline…

NetDiligence’s Business Email Compromise and Wire Fraud panel might have listeners longing for a simpler day, when a spoofed email could coax a distracted employee into making a wire transfer to a fraudulent vendor or fake business associate. A financial loss, certainly, but nothing like the complexity of current scenarios. On July 1, 2020, panelists…

At the Systemic Risk and Aggregation panel, hosted by NetDiligence on June 30, 2020, moderator Richard DePiero (Sompo) laid out the problem: large loss scenarios – their likelihood, severity, and impact on portfolio – introduce a level of uncertainly that is unacceptable from a risk management control perspective. How then can aggregation for cyber risk…

Penetration testing often reveals enlightening truths about just how exposed companies are. Read this Q&A to learn the top red flags most frequently found through penetration testing and why this valuable exercise is critical to your business’ cybersecurity plan.

What Is Business Email Compromise? from NetDiligence on Vimeo. Over the past decade, organizations have increasingly shed their on-site email systems in favor of cloud-hosted services. This has brought a myriad of benefits, particularly improved access to information and communication tools as well as cost savings. Unfortunately, this transformation has also increased the risk of…

On June 30, the NetDiligence Virtual Cyber Risk Summit kicked off with a perennial favorite panel, Claims and Losses. Moderator Simon Oddy (Baker Tilly) was joined by Mark Greisiger (NetDiligence), Joe Niemcyzk (Markel), Marissa Olsen (Aspen Insurance) and Jennifer Coughlin (Mullen Coughlin) to discuss recent developments and trends in claims and losses resulting from cyber…

Used widely among small to medium enterprises (SMEs), Microsoft 365® is a prime target for cybercriminals. Read this Q&A to learn the key vulnerabilities of this SaaS platform and the five safeguards to take to mitigate your business’ exposure.

NetDiligence Global Events and Programming kicked off its Virtual Summer Summit with a preview event, Cyber Smart Webinar, featuring speakers Jim Stickley (Stickley on Security) and Paige Hanson (NortonLifeLock). After the event, NetDiligence followed up with Hanson for a discussion of “Cyber Smart Tips.”

Data reveals that in 2019, 55% of small and medium-sized enterprises were forced to pay hackers following a ransomware attack. Unfortunately, this trend of rising ransomware risk shows no signs of slowing down. Yet, the practice of paying cyber criminals ransom to recover data remains a gray area for regulatory compliance. Organizations can mitigate the…