Alarming Reports

According to security experts, small and medium sized companies have more to deal with than a sluggish economy. The San Francisco Chronicle reports that small- and medium-sized companies have lost an estimated $40 million or more to cyber-crime since 2004. The director of research at the network security firm SANS Institute, Alan Paller, believes that criminals have shifted their tactics from developing attack techniques to improving the social engineering of their scams. For example, instead of fake deposit schemes and viruses, criminals are selling fake virus security systems that hurt in two ways: the victim buys the fake security software which directly provides financial information to the criminals, and the software, once installed, can obtain sensitive data.

Small Business Can Learn From Big Business

Large businesses and governments are beginning to collaborate against hackers. Even smaller companies with fewer resources can increase intra-company collaboration strategies that guard against cyber-crime. Companies can employ cyber-security coordinators, get security training, and put hacker-warning plans in place. An equally important aspect of cyber-security is the protection against losses, should they occur. A broad-based approach to cyber-security is imperative for any a business of any size, and  Electronic Media Security coverage is a key factor.

Stuckey & Company Knows Technology

Stuckey & Company Professional Insurance Lines offer competitively priced Electronic Media Security Insurance for small- to mid-sized companies that can help businesses safeguard against cyber-security issues. Powerful in-house authority and fast turnaround gives Stuckey agents the tools they need to get a quote to their clients quickly. Stuckey’s professional liability is designed for a broad range of clients, from funds transfer software to database design and everything in between. Stuckey & Company offers E&O, Network Security and Electronic Media Activities coverage with Intellectual Property coverage when needed.

Contact Dwight Stuckey at 800-828-3452 extension 22, or
 dwight@stuckey.com

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