March 7, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
One minute from normal following a cyber attack, the average annual cost for small to mid sized businesses has reached $200,000. Just one laptop or a thumb drive packed with sensitive information costs an average $50,000 – including forensics, notification costs, lost intellectual property, and legal, consulting and regulatory expenses. Nearly every state requires companies […]
Read more
Errors with E&O – Part 4
June 20, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? If human beings were perfect, there would be no need for Errors & Omissions coverage. Until we get perfection, we are fortunate it exists. Following the 2008 financial crisis, Robert Boatti joined […]
Read more
Errors with E&O – Part 2
June 13, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
If human beings were perfect, there would be no need for Errors & Omissions coverage. Until we get to the level of expertise suggested, we are fortunate it exists. An international investment management company hired Do It Right Software Solutions to build a Secure Client Space. In its Scope of Work, Do It Right listed […]
Read more
Errors with E&O – Part 1 – KMRD
June 6, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
During the otherwise error free month of June we will review how professional liability insurance, also known as E&O, can help three fictitious firms be ready for one minute from normal. Let’s begin with the question: How do you know if your firm needs professional liability insurance? Traditionally, “learned professions” including legal, medical, engineering, accounting […]
Read more
Don’t make these E&O errors
May 23, 2012 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? Insufficient or incorrect E&O coverage could financially ruin your firm one minute from normal. Following are a few “don’ts” regarding your E&O coverage following an incident: Don’t alter or make changes to […]
Read more
Cybersecurity alert
March 29, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
During the past month we have provided a series of stories and discussions regarding data breach and cyber security risks. We welcome your feedback. If your data is being stolen, does it make a sound? When VeriSign reported a series of stealth data breaches, it became clear no organization is immune from these intrusive actions. […]
Read more
Risks and Rewards of Bring Your Own Device
March 21, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
This is last in a series of four messages regarding the risks associated with data breach events and cyber security. We welcome your feedback on the information we’ve provided you over the last four weeks. As if there weren’t already enough concerns regarding cyber security, we can now add the Bring Your Own Device (BYOD) […]
Read more
Could a data breach wreck your company?
March 7, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
One minute from normal following a cyber attack, the average annual cost for small to mid sized businesses has reached $200,000. Just one laptop or a thumb drive packed with sensitive information costs an average $50,000 – including forensics, notification costs, lost intellectual property, and legal, consulting and regulatory expenses. Nearly every state requires companies […]
Read more
If your data is being stolen, does it make a sound? Cyber Security Insurance is a must.
February 29, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
When VeriSign recently reported a series of stealth data breaches,it became clear no organization is immune from these intrusive actions. After all, VeriSign is responsible for delivering visitors to more than half of the world’s websites and was one of the leading providers of SSL Certificates. According to a prominent security consultant, the VeriSign security […]
Read more
It’s 12:00. Do you know who is downloading your documents?
February 21, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
According to a report from The Wall Street Journal, an unscheduled event arrived for Nortel Networks more than 10 years ago. In 2010, hackers with China-based internet addresses stole passwords from seven key company executives. Using these passwords, the hackers accessed company reports, business plans, employee e-mails and other confidential documents. When the breach was […]
Read more
It’s 12:00. Do you know where your mobile device is?
February 9, 2012 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
According to Morgan Stanley, mobile device sales will exceed personal computer sales this year. Unfortunately, company policies regarding mobile device security have lagged dangerously behind. Industry experts and cyber security thought leaders all agree; the next wave of hacking and data theft will not target laptops. It will target mobile communication devices. Following is a […]
Read more