WannaCry Ransomware: Everything You Need to Know

Risks in a business from data breaches and other malicious cyber acts just keep on growing. Due to potential limitations of standard liability coverage when dealing with the evolving cyber environment, forward thinking organizations are transferring their risk to cyber insurance products. While WannaCry ransomware cyber-attacks have slowed since being initiated on Friday, vigilance remains the […]

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What To Look For When Purchasing Insurance For Your Business

Insurance For Your Business

Organizations rely upon business insurance to protect them from the risks and potential threats to their successful and continued operation. Below, we have listed and explain eight common types of insurance for your business. A licensed, reputable broker like KMRD Partners can help you choose the right insurances for your business by determining which coverages meet […]

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Cyber Risks Ahead. Are you covered?

Did you know? According to the recently published 5th annual Allianz Risk Barometer, this is the first year risk experts cited cyber incidents as being among their top three risks.  As reported by Independent Agent magazine, 69% of risk experts indicated loss of reputation as being the main cause of economic loss after a cyber […]

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Vulnerable to Cyber Attacks? Get Technology Insurance Coverage

In 2015, “company outsiders” perpetrated 40% of cyber attacks while “company insiders” perpetrated 60% of these attacks, according to a report published by IBM. IBM defined an insider as anyone possessing either physical or remote access to a company’s digital assets. Although this will typically be an employee, it can also include business partners or […]

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2016 Will Be the Year Ransomware Holds America Hostage

The Institute for Critical Infrastructure Technology (“ICIT”) has recently published a report titled 2016 Will Be the Year Ransomware Holds America Hostage. According to the report, companies need to prepare themselves for the threat posed by this rising form of hacking, which restricts access to an infected computer system, and demands the user pay a […]

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Risks Ahead. Cyber Insurance – Is your company covered for a data breach?

According to technology research firm Gartner, the number of connected devices is expected to increase from 4.9 billion to 25 billion by 2020. Each of these devices potentially opens a door to cyber intruders. The market research firm International Data Corporation predicts that, if current trends continue, one of every four people around the globe […]

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Risks Ahead. Cybercrime has risen globally in 2015.

Dell Inc. has reported a significant rise in cybercrime globally in 2015. “There have been repeated incidents of breaches against organizations who believed they had carried out their end-to-end security deployment perfectly,” said Dell SonicWALL country manager Amit Singh. Malware attacks also nearly doubled to 8.19 billion and Android ecosystem was the prime target, according […]

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Cyber Insurance – Public Wi-Fi Risks

Wi-Fi hot spots can leave you, your colleagues, and your staff wide open to hackers. Once hackers penetrate your server, your company’s information is vulnerable. This makes transferring risk through cyber liability insurance a critical component of your company’s risk management program. 95% of Wi-Fi data traffic is unencrypted. T-Mobile and AT&T— the largest providers […]

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Risks Ahead. Cyber Risk – Midsize business owners/executives view data breach as a minor risk.

According to Hartford’s Midsize Business Monitor, midsize business owners/executives responded as follows regarding cyber risk: 82% view data breach as at least a minor risk 81% report storing sensitive data 68% believe they are at least somewhat likely to experience a phishing incident in the next three years 45% experience a phishing incident in the […]

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