David E. Quan Agency, Insurance Brokers, Inc.

03/29/2024

Once a cyber incident is detected, it needs to be assessed to determine its severity, scope, and potential impact.

Your incident response plan should provide guidelines for categorizing incidents based on predefined criteria, which helps determine the appropriate response actions.

Has your company, small business, or organization prepared guidelines?

03/28/2024

Cybersecurity exercises must help your employees understand all the potential cyber risks and threats better. The ultimate goal would be to improve their skills to identify potential threats and teach them how to prevent them from escalating.

https://www.cpomagazine.com/cyber-security/how-to-conduct-a-successful-cybersecurity-exercise/

In order to respond to cyber attacks, enterprises must invest their time and resources into efficiently training their teams and improving their organizational cyber resilience with the help of effective cyber exercises.

03/27/2024

As an employer, you face a rising tide of employment practices litigation alleging discrimination, sexual harassment, retaliation, and other employment-related issues.

We’ll work with you to help you assess and manage your risk proactively.

https://quaninsurance.com/business-insurance/employment-practice-liability-insurance/

03/26/2024

“In the first half of 2023, it was found that compromised credentials were the root cause in 50% of attacks, which makes it clear that organizations need to go beyond the implementation of cybersecurity solutions and go a step further to keep their data safe.”

https://www.forbes.com/sites/forbestechcouncil/2024/01/05/the-role-of-people-in-cybersecurity-balancing-best-practices-and-trust/?sh=763b600b394f

As technology evolves, so do the tactics of cybercriminals, which often exploit human error and behavior to gain unauthorized access to an organization’s system.

03/22/2024

In the event of a lawsuit, the legal expenses can be significant.

E&O insurance typically covers the costs of hiring a lawyer, court fees, and other legal expenses, even if the allegations are ultimately proven to be groundless.

03/21/2024

Some clients may require professionals to have E&O insurance before entering into a contract.

Having this insurance can enhance your credibility and make your services more attractive to potential clients.

http://tinyurl.com/y8meekwr

03/20/2024

Cyber crisis isn't a battle fought in the shadows; it's here, in our networks and devices.

During a cyber event's crisis phase, experts work tirelessly to contain the breach, identify vulnerabilities, and fortify defenses.

It's a race against time.

Does your company, business, or organization have an incident response plan prepared?

03/19/2024

These days, businesses face tougher environmental laws and greater public scrutiny. So, when your business accidentally causes pollution, contamination or other environmental damage, it can be costly all around.

The loss of business and replacement or repair of your business’ equipment is a hefty price in itself, but your business could also face damages for the clean-up operation. Usually, these type of costs are not covered by general business liability insurance, so you’ll need a specialist environmental insurance policy to protect your business.

https://quaninsurance.com/business-insurance/environmental-insurance/

03/15/2024

"The security risks most cited as being a top five concern are phishing and smishing (81%), malware and ransomware (76%), and accidental data loss and data leakage (63%)."

https://buff.ly/3IgkL63

Understanding the digital landscape, threat trends, and the way they change over time is an essential step in defending against cyberattacks.

03/14/2024

Understanding cybersecurity: An overview to help protect your organization

The cyber-threat landscape is evolving.

Data analytics can be a proactive approach to cybersecurity using data collection, aggregation, and analysis to protect the well-being of your organization.

https://www.wolterskluwer.com/en/expert-insights/understanding-cybersecurity-an-overview-to-help-protect-your-organization

The cyber-threat landscape is evolving. Data analytics can be a proactive approach to cybersecurity using data collection, aggregation, and analysis to protect the well-being of your organization.

03/13/2024

After-Incident Reports Turn Cyber Breaches Into Blueprints for Future Security

“When you think about the business itself, you’re talking about reputational, regulatory, legal impacts, which there are a lot of,” Ramos-Kwok said. “And the most difficult one to manage is probably reputation.”

https://www.pymnts.com/cybersecurity/2023/after-incident-reports-turn-cyber-breaches-into-blueprints-future-security/

In today’s digitized and hyper-fast world, cyberattacks and the threat of security breaches abound. So, what are treasury leaders and companies to do to both protect themselves and mitigate the fallout from the ever-evolving cyber threat environment? There is no easy, one-size-fits-all answer, and...

03/12/2024

Two-factor authentication, or 2FA, is a security procedure that adds further protection to your online bills.

In simpler terms, it is like having two locks for your virtual door instead of simply one. The primary idea behind 2FA is easy – it includes using unique methods to verify your identity.

https://earthweb.com/two-factor-authentication-all-you-need-to-know/