C Y B E R R I S K Tuesday, May 19th | 10:30 am Mark Anelli, - - PowerPoint PPT Presentation

C Y B E R R I S K

Tuesday, May 19th | 10:30 am

Mark Anelli, Commercial Risk Advisor George Perry, IT Manager Nick Sullivan, Risk Management Director

Age gend nda

Cyber ber Expo posu sure re

• What Are Your Exposures to a Cyber Breach?
• Cyber in the COVID-Era

Wh What at Ar Are e You

• ur Opt

ptio ions? ns?

• Retain
• IT Risk Mitigation
• Transfer Risk

Q&A

www.morrisgarritano.com/COVID-19/

Wha hat t Are re You

• ur Ex

r Expo posures sures to to a C a Cyb yber er Bre reac ach? h?

www.morrisgarritano.com/COVID-19/

Clo loud ud Brea each ch Bus usin iness ess Ema mail il Com

• mpro

promi mise se Ven endo dor Br Brea each ch Rog

• gue

ue Emp mplo loye yee Ran ansomware

• mware

Cy Cybe ber r Ri Risk sk Sta tati tistics stics

www.morrisgarritano.com/COVID-19/

187 187 million

ransomware attacks

400%

Since 2017

90% 90%

cracked acked in in 6 h 6 hou

• urs

90% 90%

em empl ploy

• yee

ee/human /human er error

• r

65% 65%

us use e th the e sam ame e pa passwo sword rd

66% 66%

com

• mes

es fr from

• m

em emai ails ls

Cy Cybe ber r in t n the he CO COVID ID-Era Era

• 667% increase in spear phishing attacks from

Feb-March

• Cyber Criminals have registered 4,000 domain

names containing Corona or COVID

• Remote workforce putting a strain on IT systems

and security

www.morrisgarritano.com/COVID-19/

Go Good

• d Cy

Cybe ber r Hy Hygi gien ene

• 1. Install reputable antivirus and malware software
• 2. Use network firewalls
• 3. Update software regularly
• 4. Set strong passwords
• 5. Use multi-factor authentication
• 6. Employ device encryption
• 7. Back up regularly
• 8. Keep your hard drive clean
• 9. Secure your router

www.morrisgarritano.com/COVID-19/

IT IT Ri Risk sk Mi Miti tiga gati tion

• n
• 1. Vulnerability Assessments
• 2. Security Awareness Training
• 3. Intentional Phishing
• 4. Breach Monitoring
• 5. Incident Response Plan

www.morrisgarritano.com/COVID-19/

Wha hat Do t Does es Cyb Cyber er In Insu sura rance nce Co Cove ver? r?

3rd Party

Liability to Others

www.morrisgarritano.com/COVID-19/

1st Party

Expense Reimbursement

Typ ypes es of

• f 3

3rd

rd Par

arty ty Co Cove vera rage ge

• Information
• Privacy and Security
• Media
• Regulatory

www.morrisgarritano.com/COVID-19/

Typ ypes es of

• f 1

1st

st Par

arty ty Co Cove vera rage ge

• Breach Response
• Cyber Crime
• System/Business Interruptions

www.morrisgarritano.com/COVID-19/

Cy Cybe ber r In Insu sura ranc nce e Ma Mark rket et

• Dynamic Risk
• Competition
• Value Added Services

www.morrisgarritano.com/COVID-19/

Questions?