Cyber Defense in the Critical World of Water

Water is the most fundamental life sustaining commodity and something me must protect. Cyber threats were already a real and growing problem, but the Russian invasion of Ukraine has increased the specter of cyberattacks on Western countries. The news [...]

Cyber Defense in the Critical World of Water2022-05-12T12:17:15-07:00

What to Expect from Your Cyber Breach Insurance Policy

The last two years have been a bloodshed for cyber breach insurers. From 2016 through 2019, the payouts on each dollar of cyber breach insurance billed ranged from $0.43 to $0.48. In other words, loss ratios were 43% to 48%. [...]

What to Expect from Your Cyber Breach Insurance Policy2022-04-08T17:42:23-07:00

Does Your Firm Qualify for Cyber Breach Insurance?

And if your firm buys cyber breach insurance, will the insurance pay? There are many stipulations in regards to qualifying for cyber breach insurance. Most insurance companies require you to affirm a Statement of Fact and Fraud Warning. When [...]

Does Your Firm Qualify for Cyber Breach Insurance?2021-01-27T12:11:02-08:00

Top 5 Reasons to Buy Cyber Breach Insurance

In August of 2018, I shared an opinion about the value of cyber breach insurance. I was not very fond of it, at least not at the time given the typical insurance company terms vs. the typical cost of the risk at the time. Here is that opinion – Should I buy cyber insurance? 

Top 5 Reasons to Buy Cyber Breach Insurance2021-09-17T18:53:18-07:00

Is Cyber Insurance Unintentionally Increasing Ransomware Attacks?

Each year the total ransomware cases and money demanded, either through bitcoin or other monetary means, increases. Attacks can cost businesses and governments millions of dollars in recovery fees, and the enormous payout is why the ransomware industry is so [...]

Is Cyber Insurance Unintentionally Increasing Ransomware Attacks?2021-03-14T23:51:36-07:00

Is it Time for Ransomware Insurance?

Necessary cybersecurity habits such as software patching and vulnerability assessments/penetration tests should not be disregarded due to having cyber insurance. On a related note, Alvaka has recently acquired two clients who needed recovery from ransomware attacks, one client had roughly [...]

Is it Time for Ransomware Insurance?2021-01-27T17:01:04-08:00

Two Businesses Attacked by Ransomware Recover With Help From Alvaka Networks

A few months back, two businesses attacked by ransomware contacted us requiring immediate assistance to help combat their ransomware incident. The structure of these businesses were opposites of each other, one had several thousand systems and the other had a [...]

Two Businesses Attacked by Ransomware Recover With Help From Alvaka Networks2021-05-04T03:21:37-07:00

Should I buy cyber insurance?

A friend of mine asked me if he should buy cyber insurance for his business. Whether your need is for a self-hosted/owned, cloud or hybrid infrastructure this is not an easy answer. As I thought about it, I decided this is probably a topic of interest to many financial managers at small to mid-size enterprises. How should you decide this question and who can you seek for legitimate counsel that is qualified to answer this question without having a conflict of interest?

Should I buy cyber insurance?2020-02-04T01:55:28-08:00

Preventable ransomware attack leads to unrecoverable $700,000 loss

A 10 attorney law firm discovered the cost of failing to protect its systems from ransomware the hard way.  An attorney clicked on a phishing e-mail, leading to a ransomware attack.  The firm apparently did not have a [...]

Preventable ransomware attack leads to unrecoverable $700,000 loss2021-10-05T01:10:36-07:00

Is Antivirus Software Really Dead?

I am curious what Dye’s definition is for "cyber-attack?" One this is for sure, the motivation of hackers and malware has changed dramatically over the years. The threats are new and different today. Going back in history most malware was related to someone wanting cyber fame, making a political statement or just plain mischievousness. Now with the advent of ransomware, spam mailing bots and

Is Antivirus Software Really Dead?2017-11-13T07:30:06-08:00