At-Bay

Ransomware-as-a-Service (RaaS) remains a significant threat in the cyber underworld, contributing to the 64% rise in cyberattacks observed in 2023. With average ransom demands hitting $1.26M, it's clear that threat actors are going for the high-stakes table. But don't let your data become the jackpot. Arm yourself with a multi-layered defense: robust patch management, environment-wide MFA, secure email gateways, and the dynamic duo of EDR/MDR. And remember, in this game, your backups are your royal flush – keep them offline and tested. Don’t gamble with your business. Take an insursec approach for better end-to-end protection and prevention. Learn more: https://lnkd.in/e2H6xr_V

?? New At-Bay data shows email-based cyberattacks continue to be a persistent threat — and costly, at that. The numbers tell a fascinating story about which sectors are most at risk: - Companies with $100M in revenue or more were 3X more likely to have a claim than those with less than $25M in revenue - Manufacture leads all industries in claims frequency for the first half of 2024 Swipe through to explore?cyber risk trends across different sectors and company sizes. You'll find some surprising insights about which industries are winning (and losing) the cybersecurity battle in 2024. Want the full story? Download our comprehensive 2024 Rankings Report for free. https://lnkd.in/gQVqkKY8

Meet Matthew Bonino, AVP, Underwriter at At-Bay. ?? With nearly a decade of experience in E&O and cyber insurance, Matt brings deep expertise and a passion for tackling complex risks. Matt thrives on understanding the unique needs of middle-market companies, where no two security strategies are alike. At At-Bay he leverages tools like our proprietary security scan to assess risk with precision, helping brokers deliver tailored coverage while empowering insureds to improve their cybersecurity posture. Discover Matt’s approach to underwriting and what drives him — both professionally and personally — in our latest edition of our Underwriter Spotlight Series! https://lnkd.in/gKt9J7fR

?? New At-Bay data reveals financial fraud's staggering impact on businesses: In 2023, the average theft per incident reached $219K. Our research shows 75% of cases involve already known vendors, with 89% occurring during expected transactions. Strengthening email security is a good start, but it can't prevent these sophisticated attacks that exploit human error alone. The key is combining robust security tools with properly configured systems and established internal processes. Get all of the financial fraud prevention tips from Larry Crocker, Head of DFIR and Incident Response at At-Bay, in his new blog. https://lnkd.in/g4arYnSh

We're thrilled to announce that At-Bay has been named a 2024 Technology Fast 500 winner by Deloitte! This recognition celebrates the most innovative and rapidly growing technology companies in North America. We are on a mission to transform the cyber risk landscape with InsurSec. This award is testament to the demand we're seeing among brokers for an innovative solution that doesn't just transfer risk, but actively helps reduce it for mid-market and small business customers. Thank you to Martina Trucco and Thomas Dekens for representing At-Bay at the awards ceremony, and to our employees, partners, and customers who've joined us in building a more secure digital future for businesses everywhere. https://lnkd.in/ev8PTq8 #Fast500

There’s nothing we love more than treating our brokers to some courtside action! ?? Thanks to Alyssa Valencia for joining Jacob Lieberman at Crypto.com Arena in LA to watch the Lakers take on the Jazz.?

While 50% of organizations view cyber insurance purely as a safety net, there’s a striking divide in adoption: 53% of large enterprises leverage insurance to inform their security budgets, compared to just 22% of small businesses. The most mature organizations have moved beyond viewing cyber coverage as just another policy. They're transforming insurance into an active partner in their security journey – using insurer expertise to build stronger foundations and drive preventive strategies. The future of cyber protection isn't just about having a safety net. It's about creating partnerships that build resilience. Is your organization maximizing this opportunity?

?? The numbers are shocking: businesses are losing an average of $219,000 per financial fraud incident. And for certain industries like real estate, that number nearly doubles. Even more alarming? 90% of these attacks start with something we all rely on every day: Email. As our 2024 InsurSec Rankings Report reveals, fraudsters are getting sophisticated - targeting finance, insurance, construction, and retail trade with devastating precision. How hard did financial fraud hit your industry? Download our report here: https://lnkd.in/gJZUsDEa

The cybersecurity landscape is shifting beneath our feet. As businesses become increasingly interconnected, we're facing a new frontier of risk – the vulnerabilities of our partners and vendors. In 2023 alone, "indirect ransomware" claims (an incident where an organization is indirectly impacted by a cyber event on their vendor or partner) surged by 415%, highlighting a critical truth. In today's digital world, ???????? ???????????????? ???? ???????? ???? ???????????? ???? ???????? ?????????????? ????????, ???????? ???? ???????? ???????? ???????? ?????????????? ???????? ?????? ??????????????. The next big cyber threat might not come through your front door, but through a window you didn't even know was open. It's time to check all the locks - and maybe install a few new ones. Here’s what you need to know to stay protected: https://lnkd.in/gvyrf-xy?

?? The future of cybersecurity isn’t about putting out fires – it’s about stopping them before they start. Our research with Omdia shows organizations are putting their money where the threats are, with 70% boosting investment in proactive security measures over the past year. Want the full story on how industry leaders are reshaping their security strategies? Download our exclusive report today:https://lnkd.in/gh_B6kzz