May 6, 2014 / 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? Even the best managed professional services firms can potentially be accused of negligence by a client or vendor. After all, even conscientious, diligent staff members can make mistakes. As a result, it […]
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Cyber Risk Ahead. Wi-Fi Warning
June 22, 2015 / by KMRD Partners / Risk Control, Risks Ahead Series / 0 comments
Wi-Fi hot spots can leave you, your colleagues your staff and your hard won information wide open to hackers. Once they penetrate your server, all of your information is vulnerable, making you liable for any damages a 3rd party may bring in a breach allegation. This makes transferring risk through cyber insurance a critical component […]
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Get up to 20% off your cyber insurance premium
May 28, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
Slightly more than 50% of risk managers now purchase stand-alone cyber insurance policies, according to a survey by the Risk & Insurance Management Society. 74% of those without cyber coverage are considering obtaining it within the next 12-24 months. Respondents reported the top three first-party cyber exposures: Reputational harm Business interruption Data breach response and […]
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Beware The Dyre Wolf. Cyber Criminals
May 15, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
With recent worry about coyotes roaming New York City and New Jersey streets, a wolf problem has gone pretty much unnoticed. According to Reuters, IBM has uncovered a sophisticated fraud scheme dubbed “The Dyre Wolf” and run by a well-funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone […]
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15,435 internet vulnerabilities identified in 2014 – No April Fool’s Joke Here!
April 1, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments
According to IT security solutions provider Secunia, a total of 15,435 vulnerabilities were identified in 2014 in 3,870 applications from 500 vendors. This represents an 18% increase compared to the previous year, and a 55% increase over five years. Of the total number of flaws detected last year, 11% were rated “highly critical.” 18 products […]
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Choosing the right carrier for network security and privacy liability
February 6, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
As targeted network attacks continue to rise and governmental agencies increasingly regulate the privacy and data security environment, an increasing number of organizations are transferring their risk to insurance products. In many cases, organizations find they have little choice. It has become common for written contracts to require service providers to obtain coverage for […]
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Risks Ahead. Texting while driving creates a crash risk 23 times worse
January 27, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments
The Virginia Tech Transportation Institute found that text messaging creates a crash risk 23 times worse than driving while not distracted. Yet, in an online survey of drivers in Erie, Pennsylvania, 30% of the respondents admitted to texting while driving. 75% reported observing others doing it. Following are other forms of distracted driving respondents reported […]
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Will your cyber coverage cover you when you weren’t attacked?
October 13, 2014 / by KMRD Partners / Insurance Coverage, 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? One minute from normal can occur even though your own network has not been breached, every company laptop is secure and no mobile devices have been left behind in a rental car. […]
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Executing E&O Claims
May 6, 2014 / 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? Even the best managed professional services firms can potentially be accused of negligence by a client or vendor. After all, even conscientious, diligent staff members can make mistakes. As a result, it […]
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Are you ready for your company’s cyber doomsday?
April 3, 2014 / by KMRD Partners / One Minute From Normal Series / 0 comments
Last week, an insurance industry executive testifying before the Senate Committee on Commerce, Science & Transportation at a hearing on “Protecting Personal Consumer Information from Cyber Attacks and Data Breaches,” reported that clients purchasing stand-alone cyber insurance increased by more than 20% in the past year. His appearance followed by one day Senator Jay Rockefeller’s […]
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$0 cyber liability coverage for 75% of American businesses
May 30, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments
According to a recent Towers Watson & Co. study, 75% of American businesses do not have cyber liability coverage. And yet, cyber security concerns affect companies of all sizes: 563,000,000 records have been reported leaked since Privacy Rights Clearinghouse began tracking US data breaches in 2005. The Privacy Rights Clearinghouse database contains information on breaches […]
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