Cyber Risk - KMRD Partners

Eliminate Workplace Hazards: Five Steps Every Business Should Take

April 15, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Insurance Coverage / 0 comments

Most risk and insurance professionals know how to recognize and eliminate workplace hazards. As in most things, an ounce of prevention is worth a pound of cure. Five Steps to Eliminate Workplace Hazards Step 1 – Know a real hazard when you see one Before you can identify and eliminate workplace hazards it’s important to recognize the difference […]

WannaCry Ransomware: Everything You Need to Know

May 16, 2017 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

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 […]

5 Top Risks In A Business; Cyber Is A Big One

March 7, 2017 / by KMRD Partners / General, Insurance Coverage, Risk Control / 0 comments

While risks in a business can range in size and potential impact, many can lead to serious financial consequences. There are many risks in a business. Below are five that can do the most damage: Flooding Pennsylvanians can be grateful for many things, including a great abundance of scenic rivers and streams. In fact, Pennsylvania […]

What To Look For When Purchasing Insurance For Your Business

November 7, 2016 / by KMRD Partners / Insurance Coverage

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 […]

Cyber Risks Ahead. Are you covered?

July 29, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments

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 […]

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 […]

2016 Will Be the Year Ransomware Holds America Hostage

May 18, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments

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 […]

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 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 […]

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