Stories about data security and privacy have been in the news cycle for years. We hear about security breaches, scores of personal data lost and sometimes millions of dollars in losses for businesses. These stories invoke fear that nothing is safe, and to some extent that can be true. However, these events give us something we can learn from and the only way to really protect ourselves is through vigilant risk management on at both the personal and business levels.
Today is Data Privacy Day, which began in the United States and Canada in January 2008 as an extension of the Data Protection Day celebration in Europe. Data Protection Day commemorates the January 28, 1981, signing of Convention 108, the first legally binding international treaty dealing with privacy and data protection. Data Privacy Day is now a celebration for everyone, observed annually on January 28.
In recognition of this day, we offer a few quick tips for both individuals and businesses that can help minimize cyber risk.
Companies face several threats to their business and supply chains on a regular basis, but one that has emerged as a primary threat is cyber. With news around Chinese hackers launching attacks, the U.S. government as well as companies are being more vigilant than ever before in protecting their data and information. But what are businesses doing about their supply chains?
Join our webinar and examine the issues facing hospital risk managers and loss control specialists in a challenging and rapidly changing environment. A panel of experts also will share their insights and offer innovative ideas for addressing the most pressing concerns.
Today’s real estate industry is under siege. Multiple issues threaten to reduce profitability. Sometime owners fail to pay as agreed, leaving real estate companies few options other than contract litigation.
The numbers really tell the story when it comes to mobile banking and it’s upward trend over the last year.
82% of banks offer mobile banking technology through apps
In 2012, 1 in 5 people use a mobile device for banking transactions
In 2013, 1 in 3 people use a mobile device for banking transactions
Remote deposit capture doubled to 21% from 2012 to 2013
With mobile banking on the rise in addition to companies switching to a Bring Your Own Device (BYOD) culture – it creates a perfect storm of opportunities and risks for both banks and employers – so how do they manage that risk?
Cyber risks, security and threats have been on the forefront of the news lately, particularly with the latest reports about the U.S. accusing China of cyber warfare. Some would say that the topic of cyber risk never ceases to attract attention, but it’s for good reason. The threats and risks that insurers and customers face are very real and the wide reaching impacts can cause global disruption. So in an interconnected world – how do you keep your business safe?
This year we did a study on what the hottest growth industries of the future would be. What we found is that while we’ll move forward in the area of healthcare – with care being more mobile and technologically advanced than ever – we’re also going “back to the future” in the manufacturing industry. Read More…
There’s been a lot of talk about Big Data in the news lately and how it will impact the way businesses do business, how people are marketed to and more importantly, how it will change the way people live. But how will Big Data change healthcare and the way it’s delivered?
To help answer that question and provide some perspective around Big Data, we caught up with Larry Collins, vice president of our E-Solutions unit within Zurich Services Corp.’s Risk Engineering Services.
Business is more interconnected than ever through the use of mobile applications to help better serve customers and maintain contact with business partners. Naturally, the more interconnected we are the more risk that arises when it comes to security and privacy of information.
The single greatest asset a business possess in this digital age is information. Data and intellectual property can lead to a businesses success, but if not protected properly, can lead to its downfall. A “self-check” of the types of information a company has can help them better understand what is out there and how it should be managed.
Zurich recently put together a guide to assist a business in going through this process. The word cloud below puts emphasis on perhaps the most important pieces of this puzzle – “data” and “information.”
I knew something was wrong the moment I walked in the door.
I had just stopped in to check on a job recently for a new client, when a burning chemical smell assaulted my senses. After checking on our technicians to make sure they were OK, it didn’t take me long to trace the source of the harsh fumes. Not far from our team, a worker from another company was stripping and waxing our client’s floor.
My first thought was there must be a mistake. Our client prioritized using environmentally friendly alternatives at their facility and the service truck in the parking lot was from an “Eco” branded company. So I checked out the chemicals this “green” company was using and I quickly found the answer: greenwashing. Read More…
It’s a biological bond where exposure to nature can affect your blood pressure, heart rate, hormones and other vital functions – think the first time you met your spouse or significant other for a sense of how powerful this attraction can be. This deep connection is central to the concept of Biophilia, which was popularized by biologist Edward O. Wilson.
“Biophilia is the innately emotional affiliation of human beings to other living organisms,” Wilson said “Life around us exceeds in complexity and beauty anything else humanity is ever likely to encounter.”
Zurich risk management specialists have put together five things you must consider before the storm hits.
Personnel safety is priority #1. Protect employees while they work at heights, enforce lock out/tag out procedures and electrical safety, use good material handling practices while moving equipment or making preparations and monitor work surfaces to help prevent slip, trips and falls among workers, customers and emergency service personnel.
Business continuity begins with your people. Consider activating work-from-home procedures and limiting non-essential travel. Be conscious that some employees may be scrambling to find childcare if schools in your area are closed.
A clogged roof drain can actually collapse your roof. It’s fall, and leaves clogging gutters on roofs and sewer systems on the ground have the potential to collapse your roof or back water up into your basement and ground floors. Have your roof professionals clear gutters and contact local authorities to clear sewer systems before the storm. Make any necessary roof repairs now to help prevent more damage later.
Be supply chain savvy. Numerous major American retailers, manufacturers and distributors rely on goods received along the Eastern seaboard. The American Association of Port Authorities ranked the New York/New Jersey area as the third largest container traffic port in 2011 (Savannah, GA was fourth). Have your suppliers’ (and, if applicable, their suppliers’) information handy, and review your backup plans in event of a supplier disruption. A supply chain healthcheck may help identify potential kinks in your chain.
Collect and protect critical information. Take your policy documentation and other important documents with you in the event of an evacuation. Make certain your servers are in a secure area and move to a higher elevation if possible.