E-commerce Business Cyber Risks to Be Aware of in 2024

E-commerce is the trading of products or services online using the Internet. E-commerce businesses have changed the way the world trades and shops worldwide. The Internet has created opportunities for small businesses and startups to reach a wide market and succeed. Amazon, one of the biggest e-commerce websites, sells around 66 thousand orders per [...]

2024-02-06T15:10:37+08:00February 7th, 2024|Categories: Business Insurance|Tags: , , , |

2024 Cyber Threat Predictions: Are You Protected?

As businesses move towards 2024, cyber threats continue to be a major concern, with millions of attacks recorded in 2023.  Dealing with any form of cyber-attack is complex and costly. In fact, IBM has recorded that an average data breach takes 227 days to recover and costs around USD 4.45 million in 2023. IT [...]

Holidays Cyber-attacks: Is Your Business Protected?

The holidays are the time to relax, travel and forget any possible work stress. For most businesses, the holiday season begins in October/November and lasts until January. The holiday season is when many businesses increase their sales and bring in more website traffic, and overall, it is the busiest time of the year. With [...]

All You Need to Know About Ransomware Protection

Over the decade, cybercrime has been growing at an intense speed. It hasn't slowed down at any point and is the biggest business threat. Numerous types of cyber-attacks can result in data breaches, corrupted files, locked servers and financial loss. Cyber attacks have become even stronger with the increased complexity of technology, such as [...]

2023-11-17T11:59:45+08:00October 18th, 2023|Categories: Business Insurance|Tags: , , |

Top 10 Steps to Increase Business Cybersecurity Today

Businesses heavily depend on the Internet in this digital age. The Internet has become critical for selling, marketing, data collection and much more. The increase in digital transformation has also increased the risk of cyber-attacks.  Any business using the Internet can be a victim of a cyber-attack – no one is safe these days. [...]

2023-09-28T17:20:30+08:00September 15th, 2023|Categories: Business Insurance|Tags: , , , |

Difference Between Cyber Security and Cyber Insurance

The Internet of Things (IoT) is a massive part of the digital world. The internet has created countless online opportunities for business and professionals. Every company uses the internet and various digital devices for at least some part of its business process. However, with the benefits come devastating disadvantages and risks. Every business that [...]

Top 5 Employee Cyber Security Training to Avoid Cyber Attacks

Cyber threats are getting harder to detect and smarter, especially with artificial intelligence (AI). Security Magazine research reported there are over 2,200 attacks daily, almost one cyberattack every 39 seconds. More than 90% of cyberattacks are enabled, due to human error, also known as employee error in businesses. Sadly, no company is safe from [...]

2023-08-04T14:14:13+08:00April 26th, 2023|Categories: Business Insurance|Tags: , , |

Can Insurance Cover Cyber Attack Interruptions?

Business interruption is a period when a business cannot operate because of a storm, flood, or any other unfortunate event. The various types of business interruptions can ruin a company as it causes income loss while the business is still liable to pay for rents, salary and other outgoing costs. One of the increasing types [...]

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