Oct 3, 2019 Cyber Breach Coach

Today’s world moves so quickly and we need all the help we can get! Trying to lose weight, maybe you need a diet or health coach? Working on accelerating business results… maybe you need a business coach? But, what about a Cyber Breach Coach?

Read More

Aug 30, 2018 Protecting Your Business Under New Data Breach Rules

Starting November 1, 2018, new rules coming into effect mean that any Canadian company which suffers a breach of personal information will be required to notify the Privacy Commissioner along with anyone potentially personally affected by the breach. The new legislation requires companies “as soon as feasible” after a breach, to reach out to everyone impacted and inform them: • When it happened • What was breached • How the breach occurred • What the company is doing to minimize the impact to the breach victims My Business Was Breached ─ What do I do? In an age where we routinely read stories about cyber breaches and the unauthorized release of our personal information (Yahoo, Uber, Facebook, etc.), many will…

Read More

Jul 25, 2018 Lions and Tigers and Cyber Insurance

  Oftentimes, sales strategies in insurance can be based on fear tactics. It is unintentional, but insurance is by its very nature, there to protect you when really bad things happen! Cyber-attacks, cyber hacking, social engineering fraud and many other tactics are happening personally and to businesses every day. It is not fear mongering; it is fact. You can search many of these details online. (Although due to earlier legislation in the U.S., most of the data you find will be based on that countries metrics. Legislation has been developed later in Canada so many attacks have gone unreported. Don’t make the mistake of thinking that the risk stops at their border.) However, a much more proactive use of your time would be to understand…

Read More

May 1, 2018 Cyber Liability and Privacy Breach ─ What is My Exposure?

There are many moving parts when reviewing Cyber Liability Insurance and Privacy Breach. There are two main components of risk that your business may be exposed to; first party exposure and third party exposure. First Party exposure means the exposure to your company or organization. Third party exposure means exposure to third parties that you do business with. Questions to ask yourself to establish what your first party exposure is: What non-public, personal information do we have in our system or in paper form? How mission critical is our computer system, the internet, our phone system to our business? How long could we operate if we could not access the internet? Is our computer security up to date? Have all employees downloaded all of…

Read More

May 1, 2018 How Cyber Insurance Can Protect your Company from Breaches

Everything you wanted to know about Cyber Liability and Privacy Breaches but didn’t ask because you were locked out of your computer. Almost every day you read on line that cyber-attacks are happening. You may have noticed that you  don’t hear about them happening in Canada!  That is likely because there is no mandatory requirement to notify the Privacy Commissioner if your company or business has suffered or been affected by a breach. What kinds of cyber breaches are happening? Well, everything from denial-of-service attacks, to hackers stealing personal information, to malware attacking your computer system, to financial theft through social engineering methods! Fires, natural disasters and flooding can definitely impact your businesses operations. However these risks are somewhat “easy” to plan for. A…

Read More

Aug 30, 2012 Cyber Insurance – Would Your Business Survive a Data Security Breach?

Presented here is a brief discussion on Cyber Insurance , one type of business insurance, and does not constitute insurance advice. This is not intended to be a comprehensive description of coverage, and does not include details of the coverage nor the terms, conditions, qualifications, limitations and exclusions applicable. Policies should be reviewed in their entirety and related to your specific operations. Many insurers permit changes (Changes to insurance policies are usually called “endorsements” or “riders”) in their limitations or exclusions to match your specific requirements. As insurance advice must be tailored to the specific circumstances of each situation, nothing provided herein should be used as a substitute for the advice of a competent insurance broker. IN NO EVENT WILL RHODES & WILLIAMS LIMITED BE…

Read More