Hacking that targets individuals and business is now a way of life. This has created a vast and growing market for cyber insurance, costing companies at least $3.25 billion each year in annual premiums. But that’s a drop in the bucket compared to what they will pay to insurers by 2025 – as much as $20 billion, according to Allianz SE, the world’s largest insurer. There is also a market for individuals who fear that they, or their families, could be hacked.
5 Benefits of Risk Retention Groups
As a Government IT Contractor, you’re responsible for ensuring your company is protected from liability claims. Some IT Contractors may opt for self-insurance or general liability insurance; however, these methods are largely inefficient compared to the robust protection offered by risk retention groups. Government IT Contractors can protect themselves against liability claims through coverage provided […]Read Post
Security awareness training: Don’t exclude contract workers
Federal, state, and local governments rely heavily on contract workers, perhaps even more so than private industry. Unfortunately, the “in-and-out” nature of contract jobs can result in a feeling of impermanence that permeates throughout certain processes and policies, especially as contract workers generally don’t realize the same benefits as full-time employees. Read the full article […]Read Post
FEMA Exposed 2.3 Million Disaster Victims’ Private Data
Another reminder of why cyber policies are needed. Call us to check on yours today. The U.S. Federal Emergency Management Agency inadvertently shared 2.3 million disaster survivors’ personal details with a third-party contractor. Read Govinfo Security’s article by Jeremy Kirk here.Read Post