Managing End-of-Life Software

At some point, all software will reach the end of its life. This means manufacturers will no longer develop or service the product, discontinuing all technical support, upgrades, bug fixes and security fixes. As a result, end-of-life (EOL) software will have known vulnerabilities that cybercriminals can easily exploit. This article discusses the risks of End Of Life software and discusses best practices for organizations to mitigate this risk. (more…)

Cyber Is No. 1 Risk for Businesses in 2023

Cyber risk for Businesses – Cyber incidents topped the list of risks facing businesses around the world in 2023 for the second year in a row, according to Allianz’s 2023 Risk Barometer. (more…)

How Small Businesses Can Prepare for a Recession

A recession is a prolonged and pervasive reduction in economic activity. Generally speaking, multiple successive quarters of negative growth in gross domestic product constitute a recession.
A recession can last for several months or longer, and recovering to the nation’s previous economic peak can take years, even after a recession ends. Because a recession typically results in diminished economic output, lowered consumer demand and reduced employment overall, such a downturn can present various challenges for organizations across industry lines—especially small businesses.


Construction Insurance Risk Insights

Prevent Theft and Trespassing On-site

Cases of construction site theft increased in 2021 after lumber prices spiked. In one instance, $10,000 worth of plywood was stolen from a construction site, according to Vancouver police. While lumber prices have since fallen, it is still important to be aware of potential theft risks when managing work sites. There is often expensive equipment and materials at such sites that—without sufficient security measures in place—may attract criminals. (more…)

How To Recession-Proof Your Life

Many Canadians and economists think rising inflation, interest rates and housing costs may be warning signs of a looming recession. Unfortunately, 56 per cent of Canadians say they can’t keep pace with elevated cost-of-living trends right now, according to a survey conducted by the Angus Reid Institute.

This article explores ways to ease the financial strain on your budget and protect your savings if a recession hits. (more…)

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