cyber - KMRD Partners

Vulnerable to Cyber Attacks? Get Technology Insurance Coverage

July 15, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments

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 […]

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

April 15, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments

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 […]

Risks Ahead. Cybercrime has risen globally in 2015.

March 7, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments

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 […]

Cyber Risk Management and Insurance

February 26, 2016 / by KMRD Partners /

In today’s hyper connected world, businesses rely on latest technologies and “Big Data” to create new solution or just stay competitive. Data Breaches are increasingly becoming one of the most prominent risks in business today. Breaches are occurring everyday not only to large institutions but small businesses a well. According to the Ponemon Institute: We recommend […]

Compass Cyber Security Assessment Overview

February 25, 2016 / by KMRD Partners / / 0 comments

Cyber Insurance – Public Wi-Fi Risks

February 10, 2016 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments

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 […]

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

January 29, 2016 / by KMRD Partners / Risk Control, Risks Ahead Series / 0 comments

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 […]

Cyber Insurance Coverage – Beware Public Wi-Fi Risks

September 29, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

KMRD - Are You Ready For One Minute From Normal?

Features which make free public Wi-Fi hotspots desirable for honest citizens also make them appealing to hackers; namely, they require no authentication to establish a network connection. This enables hackers to obtain easy access to unsecured devices on the same network. The biggest threat to security on a public Wi-Fi network is the hacker’s ability […]

Cyber Insurance Coverage – Is a hacker riding shotgun in your company’s vehicles?

August 26, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

Today’s cars can stream music, place phone calls, navigate and much more. Essentially, they are smartphones on wheels. Just like smartphones, they can be hacked. “Software operating today’s vehicles easily have more than 100 million lines of code — more than a modern fighter jet, airliner or typical operating system such as Windows,” according to […]

KMRD’s Risk Management Assessment and Cyber Coverage Yields Results

July 20, 2015 / by KMRD Partners /

A technology firm with no prior losses engaged KMRD Partners to review their coverage and risk management process. As part of our engagement process, our team conducted an assessment of the firm’s insurance contracts. We identified many coverage areas that could be fixed for no additional cost.

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