Category Business Vault

How Cyber Insurance Works

What is cyber insurance? Cyber insurance enables businesses to mitigate the costs that arise from cyber incidents, including ransomware. This type of insurance is essential to any business – regardless of the size or industry.  A cyber incident ranges from…

Snowflake breach: What happened?

And could it have been avoided? What happened with the Snowflake breach? 34 million users (already) were recently compromised in a data breach of the cyber security firm Cylance. Attackers breached Cylance by attacking a third-party vendor of theirs, known…

Cyber Insurance Terms Debunked

When working with clients to submit applications for Cyber Insurance, we often hear that they don’t understand the terminology on the application form. For anyone who has found themselves in this situation, hopefully these simplified explanations will help: IT Security Audit …

The True Cost of Poor IT Support

No one is exempt from IT problems, but it’s hard to put a dollar figure to the actual hard costs to your business when IT problems occur. That’s because so many of these issues happen randomly and can be difficult…

Why Bother with Cyber Insurance?

We continue to alert our clients about the increasing need for cyber insurance. Especially when we continue to hear that one of the largest cyber liability insurers Lloyd’s continues to limit coverage—right at a time when nation states are ramping up…

The Cyber Company that Cried Wolf

Sometimes I feel like the little boy who cried wolf, especially when it comes to the latest cyber attacks and breaches.  Do people really comprehend the ramifications if they were to personally get breached? Even worse if they were the…

An AI Wrote this blog

We decided to sit down and ask ChatGPT to write a blog on its threat to cyber security. ChatGPT:             (Note that the first thing it does is defend itself): As an AI-powered language model, ChatGPT is not inherently a threat…

Are You Hacked But Don’t Know It Yet?

I recently had the privilege of meeting a business analyst from BDC. She shared some not-yet published information from a study BDC conducted. Most statics available online are U.S. Obtaining Canadian statistics can be difficult so I appreciate her willingness to share…