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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

[Video] What Businesses Need to Know About Cyber Threats

Recently, I sat down with Brett Morgan, SVP of Sales, to talk about the prevalent threat of cyber attacks and how these threats can affect businesses. Check out our video to learn:

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Can Cyber Liability Insurance Be a Life Saver for Your Business?

Cloud computing has given consumers and businesses access to all sorts of information when they need it at their fingertips—whether they’re sending emails from home, accessing files during a lunch meeting, or uploading a presentation at the office. A 2018 White House report cites that 93% of businesses and organizations utilized some form of cloud computing for software, platform, or infrastructure services1.

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4 Ways a Small Business Can Be Prepared for Cyber Attacks

As the 21st century progresses and moves forward, our reliance on technology has grown at an exponential pace. As a result, hackers have become some of the most dangerous criminals in the business world. You can’t see them and you don’t know where they’re located, but they manage to access “secure” networks, steal sensitive data, and interrupt monetary transactions. No matter the size of a company, a cyber attack can cause catastrophic damage to a business.

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Is Cyber Liability Insurance Really Worth It?

Cyber attacks and data security breaches have become a recurring trend in today’s society—just ask Facebook’s, Mark Zuckerberg. This year alone, there have been well over 100 noteworthy data breaches or leaks across a broad spectrum of industries, including major brands such as Blackrock Inc., Instagram, Dunkin Donuts, and Fortnite1.

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Network Diagnostics II: Defending Your Company's Cyber Security

Data is everywhere. We store it in our internal business systems and in the cloud. We collect it from our clients and share our data with business partners. Leaders need data, value it, and are able to amass it. We carry data with us and leave a digital footprint every day. Technology providers help us store it forever and share it globally. In the data breach era, leaders face greater risk if they fail to protect data throughout its lifecycle.

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Network Diagnostics Part 1: How Strong is Your Company's Cyber Security?

Cyber attacks and data breaches have become a recurring trend in today’s society, and the most valuable currency is customer data. In the business world of sensitive customer records and data, virtually all consumer and company data is prized by hackers and worth protecting for your business.

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Every Bit of Information Counts

The terms cyber security and cyber breach have become quite the common business "lingo" these days. It’s hard to browse the internet without reading a story about another company or retail establishment being hacked with millions of customer data points compromised. And, no matter if you’re a small business, big box retailer, Marriott or even a Manufacturer—you’re not safe.

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How to Protect Your Business from Ransomware

In the age of information, today's most valuable currency is customer data. Over the years, especially in recent years as cyber breaches have increased in frequency, the public demands that businesses take preserving customer information very seriously. Most companies understand the significance of asking for and storing their customers' data and do their best to safeguard this valuable asset. However, with hackers adapting and finding ways around security features, ransomware continues to be an ongoing problem for businesses and organizations.

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What's Going on with Insurance Rates?

For several years now, the insurance industry has held the view that we were just one or two “super losses” away from seeing the long, soft market turn. Storm seasons have come and gone, large loss events have occurred, and yet insurance rates have remained relatively flat. That is, until 2017 when we experienced the most devastating storm season in our nation’s history. Harvey, Irma, and Maria continue to reverberate as insurance companies deal with the aftermath and consumers are now beginning to see the effects.

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Clear or Partly Cloudy: What's your Cloud Security Strategy?

You have likely discovered the undeniable benefits of cloud services. Vendors offer scalable and highly available internet-accessible services to support almost all business needs. Most organizations have or will soon support business processes (workloads) from their own data center and through multiple third party cloud service providers (CSP). While the benefits may be appealing, leaders must make risk-informed decisions to maintain secure, business-ready services.

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