The Fake President Fraud

The “fake president fraud” is a type of scam in which a criminal posing as a company executive convinces an employee to voluntarily transfer a large sum of money directly to the criminal’s account. It may be hard to imagine that any of your employees would authorize a wire transfer to an unknown account, but law enforcement officials have seen a marked rise in the occurrence of this scam over the past several years. (more…)

Cyber Attacks – A Growing Business Interruption Threat

Cyber Attacks – A Growing Business Interruption Threat

Cyber Attacks Business Interruption – When you think about what usually causes a business interruption, natural disasters such as fires, earthquakes and floods probably come to mind first. These events can physically damage your property and equipment, making your workspace unusable for a time. The damages from Hurricane Katrina and Superstorm Sandy are prime examples of how a natural disaster can put a halt to a business’ day-to-day operations. Many of the businesses affected by these storms remain closed to this day. While natural disasters are still the main reason for an interruption, another cause has made a quick move up the ranks: cyber attacks. As businesses continue to rely on computers and digital storage of essential data, cyber attacks will continue to be a potential exposure. Read on to learn how a cyber attack could lead to a business interruption and what you can do to mitigate the risk. (more…)

Cyber Risks & Liabilities News Bulletin

The Dangers of Spear Phishing

Cyber Crimes and The Dangers of Spear Phishing – While regular phishing campaigns go after large numbers of relatively low-yield targets, spear phishing scams are aimed at specific targets and utilize specially crafted emails for their intended victims. Cyber crime and spear phishing cybercriminals often make use of background information in order to create a credible narrative. They can utilize information found on social media to decide who is best to both target and impersonate. (more…)

Hot topic: Summer Safety

Summer safety is a time for family road trips, outdoor fun in the sun and hopefully lots of great weather.

Here are some simple reminders to prepare for safe summer days! (more…)

Construction Risk Advisor

Emerging Construction Management Trends Due to COVID-19

Construction management has been forced to adapt throughout the COVID-19 pandemic. Reports have found that the pandemic has accelerated the time it takes to adopt new construction management trends—which can typically take three years—to under a year. The following are trends that have emerged within construction management and will continue to prevail even after the pandemic subsides. (more…)

Avoiding Staged Auto Accident Fraud

Avoiding staged auto accident fraud – It occurs when a criminal targets another driver on the road and uses manipulative methods to get them to crash their vehicle into the criminal’s vehicle. From there, the criminal uses the crash incident as a way to file false insurance claims. (more…)

COVID-19’s Impact on Cyber Threat Activity

Cyber Liability and Risks

Cyber liability and cyber threats – A cybersecurity crisis emerged as a result of the 2020 global health crisis as cybercriminals posed an increased threat to the safety of individuals and organizations. Experts are seeing an uptick in cyber threat activity as workforces continue to move to the digital landscape. (more…)

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