Cyber Security Awareness

Posted October 31, 2018 by Erin in Featured, Risk Management, Transportation | 0 comments

Cyber Security is big news these days, and for good reason.  Many large companies have been hit by hackers, and unfortunately some trucking companies have been victims as well.  Take this scenario for example:  Your server is hacked.  The hackers send an email to one of your office workers that purportedly comes from your Chief Operating Officer, and requests a large sum of money be wired to a bank account.  This is a deviation from normal protocol, but the office worker hasn’t been trained in what red flags to look for in emails, and hasn’t been encouraged to question anything suspicious.  So unfortunately the office worker proceeds with the request and wires the money.  The scam isn’t discovered until later that month when your Bookkeeper sees the entry in your bank records.  At that point you call your IT service provider to investigate where the hack originated, if any personal and/or proprietary information was also stolen, and re-install proper security measures to prevent future hacks, but by that time the damage has been done.

Fortunately there are measures your trucking company can put in place to prevent these types of scenarios.  Click HERE to learn about 15 Best Practices to Protect Your Website from Malware & Cyberhacking.  We also encourage your company to review your insurance coverages and speak with your Producer or Account Manager regarding available coverages to help reimburse your company in the event of a loss.  Below is a chart showing types of insurance coverages that may come into play depending upon each unique cyber scenario:

Source: http://www.gccapitalideas.com/2018/07/04/chart-the-cyber-insurance-matrix-explained/

 

For more information or assistance, please contact us at safetrucking@clinewood.com.  We appreciate your safety efforts!

This document is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. Marsh & McLennan Agency LLC shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting or legal matters are based solely on our experience as consultants and are not to be relied upon as actuarial, accounting, tax or legal advice, for which you should consult your own professional advisors. Any modeling analytics or projections are subject to inherent uncertainty and the analysis could be materially affective if any underlying assumptions, conditions, information or factors are inaccurate or incomplete or should change.

 

 

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