Annual FBI Internet Crime Report Raises Serious Questions about Wire Transfer Safety

Category: Cyber Risk

July 16, 2019

The 2018 annual report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) shows wire transfer fraud is a major threat to business owners. IC3 provides businesses with a convenient mechanism for reporting computer crime directly to the FBI.

Product Recalls and Reputational Risks

Category: Product Recalls

July 11, 2019

A company’s brand reputation can take years to build — and be damaged quickly in the wake of a product recall.

Out of the top 20 priority reputational risks that every company should monitor, the Reputation Institute identifies five risks that are directly related to product recalls.

Drone Use in Commercial Insurance: Potential Liability Risks for Insurers

Category: Property

July 9, 2019

According to the Federal Aviation Administration, 2.85 million small drones could fill the sky by 2022, and 450,000 of them will be used for commercial purposes. With a multitude of market opportunities, drones are providing insurers with capabilities that were never before thought possible – but in addition to the benefits, drones are also presenting insurers with a number of potential risks and exposures.

New Target for Ransomware Attacks: Manufacturers

Category: Cyber Risk

June 19, 2019

Ransomware attacks are impacting organizations with complex systems and operations, particularly manufacturers, and comprehensive Cyber Risk Insurance is a critical protection for the ensuing business interruption losses.

 

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