What is RISK in business?

We often talk about risk of cyber security or breach of our data. But what is risk in business?

Let's look at the definition of what RISK is all about in our business!
Risk is the possibility of losing some or all of your original investment and it exist when assets, vulnerability and threat are intercepted and can be managed through risk management! When a threat meets vulnerability, a risk occurs and it can damage your organization’s assets! Assess your risks. mitigate and transfer your risks to minimize your vulnerabilities and financial burden! As often as we discuss "risk", it's important to have an accurate definition of the word! Risk exist when there's a chance to lose assets when vulnerability and threat intersect Assess and mitigate your risk. Protect your business...secure your future

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Sharmeen Rehman

BlackFire Cyber Insurance

Beyond Working Remotely

In today’s new normal – it is critical to consider our new way of doing business. We now are not only open to remote work to keep us going but also, we embrace this fast-forwarded future with open arms. 

As we work from home,eSilo has identified holes and voids and make our business thrive, remotely.  

What does 'REMOTE WORK' look like?  

What all we should consider as we work from home? 

How does our cyber security look like?

Let's learn:

Beyond Working Remotely

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Sharmeen Rehman

BlackFire Cyber Insurance

Cyber Security : Luxury OR a Necessity?

90% of the attacks are SOCIAL ENGINEERING and RANSOMWARE!!!

 

Cybersecurity is INDEED the biggest threat to entrepreneurs! 

Thanks, Pat David, for shedding light on this serious and urgent issue with cybersecurity. 

Here's his full video: https://youtu.be/ke0mtGlKKjU

Since the businesses of all sizes are exposed to cyber threats, it is so critical for us to have cybersecurity measures. CYBER INSURANCE is such an integral solution to add to our portfolio. 

 

When users make a mistake and give away access or click on a malicious link, it still falls apart, even with a top-notch cybersecurity system in place. These big companies mentioned in the video that got hacked depended on their data breach insurance policy to come thru and rescue them from financial ruin after a cyber incident. 

 

As the pandemic began to take over the world, our new normal took a shape that never imagined in early March 2020. The number of scams and hacks increased as hacktivists got a broader audience to attack. So much so that the cybercrime industry is booming on the dark web. ‘Ransom As A Software’ or RAAS packages are available off the shelf for less than $100.  “With people working from home, there’s an increased attack surface to go after,” said Scott Aaronson, vice president of security and preparedness at the Edison Electric Institute.

 

It is no secret that the government, retail, health, and tech sectors are being hit hardest for cybercrime along with elderly and COVID related phishing scams. Look at your company and assess how much does it depend on technology for doing or running your business? Yet, only a small percentage of companies have proper cybersecurity solutions in place.  

 

According to the information shared in the video, about 80% of organizations do not have a cybersecurity incident response plan - which includes cyber liability insurance. Small businesses are a huge part of these statistics! 

 

Over 50% of Americans have no idea what to do in the event of a data breach, as Pat shared in his video. Is your company ready to face a cyberattack? Do you have experts by your side should you become a victim of cybercrime?

 

An ounce of prevention is worth a pound of cure!

 

Let's chat as your business may be in dire need of cybersecurity strategies. Be proactive and be a part of the statistics with appropriate measures in place.  

~

Sharmeen Rehman

BlackFire Cyber Insurance

Cyber Insurance is a MUST! Even an 11-yr-old KNOWS this

every business need cyber insurance to cover cyber attack expenses

Even an 11 year old understands how important to have cyber insurance along with cybersecurity services. When you have a data breach and cyber attack, your business will survive and will not go broke with cyber insurance picking up the cost to restore your data, doing forensic analysis or any other legal expenses. Highrated Haroun says... why wait? Mitigate!

Never imagined a minor would hack a powerful company!

Never imagined a minor would hack a powerful company!!!

Twitter users scammed by 3 young hactivists for cryptocurrency

Days after the event - the team worked smart and fast and discovered that a 17-year-old Floridian among 2 other hackers (19 and 22 years of age) pulled the twitter scam of cryptocurrency on some well-known celebrities!

Twitter is not a novice when it comes to having a smart security posture. Yet they STILL got hacked. There is ALWAYS going to be an endpoint or a vulnerability that hacktivist will work hard to find no matter how big or little your business is.

These businesses you hear about survive as they give importance to cybersecurity posture and also cybersecurity solutions when all else fail to secure the system.

How many stories do YOU hear from small business owners that survived the attack without having any heartbreaking consequences? 43% of small businesses face cybercrime though we only read about the other 57%.

Do you have cyber strategies and solutions in place if your business were to get hacked?!?

If this is putting your head down with great concern and worrisome or you are not even sure where to begin when it comes to having cybersecurity strategies in place, you need to connect with a cyber solution expert asap! 

Let’s chat

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Sharmeen Rehman

BlackFire Cyber Insurance

Accounting firms need cyber insurance for data privacy!

Accounting firms need cyber insurance for data privacy!

Accounting Firms are Vulnerable to Data Breach

It's imperative CPAs and accounting firms have cyber insurance should a data breach or cybercrime occur. Call or text: 877-411-2324 to get multiple quotes from A-rated insurers with the cyber reports for your company. Did you know it costs over $200,000 after a data breach? General liability or professional liability policy won't cover cyber incidents for your accounting firms. Data privacy is at risk as accounting firms have valuable personal and financial details of clients' information. Not only your firm face data breach but also, your clients' sensitive information is exposed to plan cyberattacks against them. When your data is breached, you must notify each breach party as accounting firms collect large amounts of financial and personally identifiable data. There's also a risk of lawsuits as clients' confidential information is hacked. The forensic cost will need to be covered by the accounting firm to investigate the extent of the breach typically, that would cost you anywhere between 250 to $500 an hour and it takes weeks! When your accounting firm carries a cyber policy, you can mitigate your financial risk by having proper coverage for your accounting firm. Coverages include cybercrime such as cyber extortion and cyber engineering. A Comprehensive cyber policy also covers notification and forensic costs, and also business interruption costs along with the reputational harm. When an accounting firm or a CPA has a cyber policy, it covers all the costs associated with data breach and cyberattack! Save time and money by getting your cyber insurance quote instantly along with your cybersecurity report. See how this important investment can save your business in the event of a cyberattack, data breach, or system failure. Due to all the sensitive information accounting firms collect from their customers, protect your accounting firm...secure your future...get cyber insurance. Don't wait, mitigate!

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Sharmeen Rehman

BlackFire Cyber Insurance

Beware of Fund Transfer Fraud! Learn what BEC is all about!

Beware of Fund Transfer Fraud! Learn what BEC is all about!

Did you know that hackers how found new ways to steal millions of dollars without threatening, hacking, or using malware?

Watch out for Wire Transfer Fraud!
Learn how to protect your business with these simple tips! Wire Transfer Fraud are very common and business owners need to watch out for these types of business email compromise.


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Sharmeen Rehman
BlackFire Cyber Insurance