Amanda C. Poole

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4 Ways to Prevent Cyber Attacks in the Creative Industry

Posted by Amanda C. Poole on Jul 19, 2018 3:48:42 PM

 

 

dnoContent creation companies such those involved in: advertising and media, film production, graphic design or animation that operate without cyber security insurance are exposed to cyber-attacks.

Any company that produces creative content usually accepts and holds sensitive information for their clients. It could be: a film production company holding scripts from writers; ad agencies holding strategic plans to formulate an ad campaign; photographers holding secret marketing campaign ideas.

Consider the following:

  1. Educating your employees. All companies can take action by raising awareness through employee training. By teaching your employees: how to spot phishing email; how to properly dispose of sensitive information and having protocols to change passwords on a regular basis, the chance of preventing a cyber-attack is increased.
  2. Purchasing Cyber Security Insurance. Whether you are Sony Pictures or operating a small two person design studio, you are never going to be truly protected without cyber insurance. Sophisticated cyber hackers are now targeting small companies as bigger companies invest in better protections. 43% of all cyber attacks are now against small businesses.
  3. Being proactive. Business owners who are tuned into the ongoing cyber risks will always come out on top because they realize this is a growing exposure. 60% of small business that are hacked never recover and go out of business in 6 months after the cyber attack.
  4. Dealing with data. People don’t think they need cyber insurance because their data is backed up, on another server or encrypted. Unfortunately, anyone dealing with data has an exposure to cyber-attacks; this doesn’t ensure cyber security. 90% of all small business have no protocols in place to protect client data. Create a plan and follow it.

Need cyber insurance? Peace of Mind starts here:

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Types of Cyber Crime:

Phishing – obtaining valuable information such as a credit card details or passwords by posing as a trustworthy company (e.g., a supplier) via email.

Ransomware – When a company’s computer system is infiltrated by a malicious program that encrypts its files and demands a ransom (typically in bitcoin) to return the data.

Social Engineering – Criminals impersonate an executive of a company in an email in order to obtain a money transfer or sensitive data from an unsuspecting employee. These emails are often targeted to junior employees, who may be more susceptible due to lack of training or fear of not responding to the senior executive who was impersonated.

 

Get a quote online in 30 seconds or buy a policy in five minutes by clicking here now:

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About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides cyber and office insurance for the lowest possible cost in addition to arranging custom policies for the entertainment industry. Should a claim occur, Front Row ensures that their clients receive the money they are owed per the insurance policy, as quickly as possible. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

Tags: Cyber Insurance Canada, Cyber Insurance, Online Hacker Insurance, Front row Cyber Insurance

Insurance Business Canada interviews Front Row Insurance

Posted by Amanda C. Poole on Jul 18, 2018 4:26:51 PM

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Front Row was interviewed by Insurance Business Canada as expert providers of online cyber insurance.

Spend less and protect your business against cyber risk with online cyber security insurance.

Front Row Insurance Brokers now offers a small or medium-business cyber insurance policy so you pay only for what your business needs. No overselling, and no losses is a “no-brainer”.

Get an Quote Online In 2 Mins.

Front Row Insurance offers solution to small business cyber conundrum

Originally printed by: Bethan Moorcraft July 18, 2018

Approximately 99.8% of Canadian companies are considered small or medium-sized businesses (SMBs), employing 64% of private sector workers in Canada. The impact of SMBs on the Canadian economy is huge, and yet many smaller businesses struggle to protect themselves adequately against financial loss.

The complex realm of cyber insurance is an area where small business understanding falls short. Statistics suggest about 43% of all cyberattacks target small businesses and yet 90% of small businesses do not have cyber insurance. This common coverage gap is a top-of-mind issue for insurers around the world, with many suggesting educational and awareness campaigns as the key fix.

But what if the cyber insurance products in the market are the real problem here? What if small business owners can’t identify a product that they think meets their needs, budget and service expectations?

Vancouver-based Front Row Insurance recently launched a cyber product aimed specifically at the small business owner. It’s a fully-automated online policy, written by Chubb, which is very low touch and has even lower limits. The starter limit is $100,000, which can be purchased at a premium of $300, and the maximum limit is $1 million. The policy can be obtained online in just two or three minutes.   

“If you look at a graphic designer that’s billing $50,000 a year from their home office, the difference between a cyber policy that costs $800 and one that costs $300 is really significant – it’s 1% of their income,” said David Hamilton, CEO and president at Front Row Insurance. “We found that really small businesses, with one to three people, understand the need for cyber coverage but don’t want to pay a lot for it. Our $300 starter premium is very palatable and provides what we feel is an excellent starter policy for small business proprietors in Canada.”

So far, responses to the policy, which launched in April, have been positive. It has drawn particular interest from younger gig economy workers who are looking to bypass intermediaries and conduct business at any time of day when they can grasp a few spare moments. The online solution includes step-by-step tips and explanation points to help customers through the buying process.

“Take the example of the graphic designer. The Graphic Designers of Canada association has around 3,700 members, every one of whom should have a cyber policy. Why? If you’re a graphic designer and you’re taking business material from a client in order to design a logo for them, and that material somehow gets exposed due to a cyber incident, your client may sue you for not protecting that material,” Hamilton explained.

If you take into account the fact that more than 50% of small businesses go out of business within six months of a cyberattack, suddenly the $300 premium for the sole graphic designer doesn’t seem like a bad investment, according to Hamilton.  

The Front Row cyber insurance policy could also be “the perfect solution” for brokers, according to Hamilton. Any broker can access the policy online and can surcharge it with a small fee. They don’t have to submit anything to an insurance carrier and they can transact business in less than 10 minutes.

 Get an Quote Online In 2 Mins.

About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides office renters insurance for the lowest possible cost. Should a claim occur, Front Row ensures that business rental insurance client receives the money they are owed per the office insurance policy, as quickly as possible. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

By: Bethan Moorcraft July 18, 2018

 

 

Tags: Cyber Insurance, Online Hacker Insurance, Front row Cyber Insurance, Cyber Insurance Canada, buy cyber insurance online

What is your cyber risk?

Posted by Amanda C. Poole on Jul 13, 2018 2:52:46 PM

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The more dependent we become on technology, the greater target we are to cyber hackers.

With the mass amount of technology and software in use today, the exposure to cyber-crime continues to be an ongoing concern resulting in a greater demand for cyber security.

The most common misconception about cyber fraud is it’s only applicable to businesses who operate high-profile websites or those who generate majority of their business income online. What’s going unsaid is that any business, using any online software program is vulnerable to the risk of cyber-hackers.

DID YOU KNOW?

43% of all cyber-crime are against small businesses.

WHY?

Because hackers know 90% of small businesses don’t use protection for company or customer information.

Don’t be another statistic. Get an free online quote at no obligation today.

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Considering Cyber Insurance for your company

Based on customers concerns and claims, it is important to understand what risks your company is willing to take versus what risks are too severe when it comes to cyber exposure. And when the question arises, transferring the risk to a cyber insurance policy is your answer.

As the leading provider of online cyber insurance for quality and convenience, we offer free online quotes and/or insurance protection without the need to talk to a broker.

For more information, or for a free cyber insurance quote or to buy a cyber insurance policy, click here.

 Get an Quote Online In 2 Mins.

About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides office renters insurance for the lowest possible cost. Should a claim occur, Front Row ensures that business rental insurance client receives the money they are owed per the office insurance policy, as quickly as possible. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

Tags: Canadian Cyber Insurance

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