Business Owners Learn How to Protect Against Cyber Threats

Author, Emily Marasso, Media Communications & Client Services Coordinator, Rancho Mesa Insurances Services, Inc.

Michael Armstrong, Production Underwriter for Evolve MGA, an award-winning managing general agent that specializes in cyber insurance, took to the web and broke down the importance of cyber insurance and how companies can avoid a cyber attack in a detailed webinar hosted on July 22nd, 2021 for Rancho Mesa’s clients.

Attendees learned that phishing is the action of sending fraudulent emails mimicking a reputable company or person for the sake of gaining access to sensitive information. Michael explained the simplest form of phishing is an email or web link that is similar to a legitimate one, often changing only one letter. 

Phishing works by tricking the email recipient into clicking on a link that triggers malware to be downloaded and installed on the system. From there, the hackers can encrypt the data and request a ransom or sell the data on the dark web. Michael shared that on average, a business doesn’t identify a breach for up to 197 days. Imagine the damage that could be done without a good cyber policy.

Companies large and small have experienced data breaches due to cybercrimes. With technology ever changing, it’s never been a better time to review your current cyber insurance policy or start looking for coverage. Thanks to Michael and Evolve MGA for providing such valuable information to our clients.

If you’re interested in getting a cyber insurance quote, contact Rancho Mesa at (619) 937-0164.

CyberOne™ Liability Program Protects Clients From Cybercrime

Author, Alyssa Burley, Media Communications and Client Services Manager, Rancho Mesa Insurance Services, Inc.

San Diego, CA, February 2020 – Rancho Mesa Insurance Services, Inc., a thirteen-time National Best Practices Insurance Agency is pleased to offer CyberOne™, cyber liability coverage to companies with annual revenues of up to $50,000,000.

Rancho Mesa Insurance began working with CNA on the CyberOne program after it received an overwhelmingly positive response to the Cyber Liability presentation at the National Association of Women in Construction (NAWIC) Pacific Southwest Fall Conference in October 2018. By August 2019, interest in cyber liability had grown to the point that CNA was invited to present at the 64th Annual NAWIC National Conference in Atlanta, GA. That interest led to the development of the CyberOne program. 

Cybercrimes are a real concern for organizations of all sizes, in every industry that utilizes even basic technology to operate. It threatens to disrupt business operations while extorting capital and damaging the organization’s reputation. Scams are growing in sophistication, frequency and severity. These crimes range from simple telephone scams to highly sophisticated technological attacks. Preventive measures are vital to keep an organization’s data and capital safe, but no preemptive actions can offer a 100% guarantee against cybercrimes. Having a robust insurance policy to cover those instances that are unpreventable is vital for protecting the organization.

Rancho Mesa Insurance and CNA have put together a comprehensive cyber liability program. To access this program, contact Rancho Mesa.

About Rancho Mesa Insurance Services, Inc.
Rancho Mesa is a thirteen-time National Best Practices commercial insurance brokerage providing risk management solutions to dynamic organizations throughout the United States. Our core commitment is to be a trusted business partner and client advocate while delivering comprehensive and innovative products and services. To learn more, visit www.ranchomesa.com.

About CNA
Together, the CNA insurance companies are among the largest U.S. commercial property and casualty insurance companies. CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by 120 years of experience and approximately $45 billion of assets. To learn more, visit www.cna.com.

Article edited 4/19/2021.