Marchel & Associates Risk Consulting

Risk Resources For Insurance Companies

Everything You Needed To Know For Risk Consulting In One Place!

Incident Response Planning Services

Do you know what your business would do if it were hit with a data security breach? Studies show businesses with an incident response plan in place when a breach occurs suffer less economic and reputational harm while also returning to business more quickly than those that have not prepared …

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Download The Original PDF: Incident Response Planning Services
Article Credit: Sean Hoar
Post by Peter Marchel on May 16, 2017

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Incident Response Planning Services

Do you know what your business would do if it were hit with a data security breach? Studies show businesses with an incident response plan in place when a breach occurs suffer less economic and reputational harm while also returning to business more quickly than those that have not prepared …

Read More From the Original Article

Download The Original PDF: Incident Response Planning Services
Article Credit: Sean Hoar
Post by Peter Marchel on May 16, 2017

Applying the Resources of a Cyber Policy to a Cyber Incident

Ransomware attacks have increased and monetary demands have tripled over last year. This program will begin with an overview of claims trends in the cyber arena. An interactive case study of a ransomware attack has been prepared. A group of experts consisting of: Insurance Claims Counsel, Cyber Breach Coach, Forensics …

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See Original Article: Apply For This Third Annual Cyber Seminar
Article Credit: Michael Handler
Post by Peter Marchel on May 16, 2017

image placeholder for Marchel & Associates
image placeholder for Marchel & Associates

Applying the Resources of a Cyber Policy to a Cyber Incident

Ransomware attacks have increased and monetary demands have tripled over last year. This program will begin with an overview of claims trends in the cyber arena. An interactive case study of a ransomware attack has been prepared. A group of experts consisting of: Insurance Claims Counsel, Cyber Breach Coach, Forensics …

Read More From the Original Article

See Original Article: Apply For This Third Annual Cyber Seminar
Article Credit: Michael Handler
Post by Peter Marchel on May 16, 2017

Insurance Industry Buzzes Over Data Breach Ruling

If the rash of data breaches in recent months has done anything for businesses, it’s raised their awareness of cyber liability insurance. The market for cyber liability insurance is expected to increase dramatically as businesses become more aware that their current policies don’t adequately cover cyber-risks, according to the National …

Read More From the Original Article

See Original Article: Cybersecurity | TechNewsWorld
Article Credit: John P. Mello Jr.
Post by admin on April 30, 2016

data breach
data breach

Insurance Industry Buzzes Over Data Breach Ruling

If the rash of data breaches in recent months has done anything for businesses, it’s raised their awareness of cyber liability insurance. The market for cyber liability insurance is expected to increase dramatically as businesses become more aware that their current policies don’t adequately cover cyber-risks, according to the National …

Read More From the Original Article

See Original Article: Cybersecurity | TechNewsWorld
Article Credit: John P. Mello Jr.
Post by admin on April 30, 2016

Early Data Breach Insurance Case Discusses Cyber Policy Coverage for Traditional Risks

Last May, we told you that the “waiting has ended“ for courts to start weighing in on cyber insurance policies, as the District of Utah issued one of the first federal court decisions construing such a policy in Travelers Property Casualty, et al. v. Federal Recovery Services, Inc., et al., …

Post by admin on January 26, 2016

image placeholder for Marchel & Associates
image placeholder for Marchel & Associates

Early Data Breach Insurance Case Discusses Cyber Policy Coverage for Traditional Risks

Last May, we told you that the “waiting has ended“ for courts to start weighing in on cyber insurance policies, as the District of Utah issued one of the first federal court decisions construing such a policy in Travelers Property Casualty, et al. v. Federal Recovery Services, Inc., et al., …

Post by admin on January 26, 2016

Cyber Insurance: Preparation for a Breach

Managing risk in a digital infrastructure is an increasingly complex and challenging problem, one that can’t be completely mitigated through technology, and the cost of data breaches are increasing.  The average organizational cost of a data breach in the U.S. is $5.85 million.  The average cost of data breach notification …

Post by admin on September 22, 2015

breached
breached

Cyber Insurance: Preparation for a Breach

Managing risk in a digital infrastructure is an increasingly complex and challenging problem, one that can’t be completely mitigated through technology, and the cost of data breaches are increasing.  The average organizational cost of a data breach in the U.S. is $5.85 million.  The average cost of data breach notification …

Post by admin on September 22, 2015

Data Breach Causes

Where are the threats? Inside threats –Employee negligence Security failures Lost mobile devices –Employee ignorance Improper disposal of personal information (dumpsters) Lack of education and awareness –Malicious employees Outside threats –Hackers Malware Phishing and Spear Phishing –Thieves (including Social Engineering Tools) –Vendors

Post by admin on September 22, 2015

data-breach-causes
data-breach-causes

Data Breach Causes

Where are the threats? Inside threats –Employee negligence Security failures Lost mobile devices –Employee ignorance Improper disposal of personal information (dumpsters) Lack of education and awareness –Malicious employees Outside threats –Hackers Malware Phishing and Spear Phishing –Thieves (including Social Engineering Tools) –Vendors

Post by admin on September 22, 2015

The Cyber Underground

Money Transfer – Exchange Laundering Escrow Payment Processors Cyber criminals attempt to maintain their anonymity through electronic payment systems and virtual currencies.  They primarily use approved exchangers or money laundering services to receive/retrieve money within these accounts.   Communication Secure, reliable communication is vital for criminals to do business.  Jabber is …

Post by admin on September 22, 2015

cyber-underground
cyber-underground

The Cyber Underground

Money Transfer – Exchange Laundering Escrow Payment Processors Cyber criminals attempt to maintain their anonymity through electronic payment systems and virtual currencies.  They primarily use approved exchangers or money laundering services to receive/retrieve money within these accounts.   Communication Secure, reliable communication is vital for criminals to do business.  Jabber is …

Post by admin on September 22, 2015

Is Your Company Ready For A Data Breach?

Data Breach Costs per Sector The cost of a data breach can vary significantly by industry, due to differences in the types of data collected and various regulatory and compliance obligations. A recent study showed that healthcare currently expects the largest cost, at an average of $359 per record. Note …

Post by admin on September 22, 2015

data-breach-costs
data-breach-costs

Is Your Company Ready For A Data Breach?

Data Breach Costs per Sector The cost of a data breach can vary significantly by industry, due to differences in the types of data collected and various regulatory and compliance obligations. A recent study showed that healthcare currently expects the largest cost, at an average of $359 per record. Note …

Post by admin on September 22, 2015