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First IPv6 (Internet Protocol Version 6) Distributed Denial of Service (DDOS) Internet attack – What are the implications?

IPv6, the follow on from IPv4, appears to now be large enough for IPv6-based attacks. Like all cyber-attackers they continually look for ways to penetrate any new technology. Arbor Network’s Worldwide Infrastructure Security Report had predicted IPv6 DDoS attacks, and commented: “This is a significant milestone in the arms race between attackers and defenders,” stated the report. “We believe that the scope and prevalence of IPv6 DDoS attacks will gradually increase over time as IPv6 is more widely deployed.” And, now, they’ve started. Arbor Networks’ Senior Software Quality Assurance...View Full Post

Cloud Computing – TO BE OR NOT TO BE SECURE!

As cloud computing popularity soared through 2011 and is continuing to gain momentum in 2012, will last year be remembered as the year of the Cloud or the year cyber-attackers jumped for joy! Businesses are having to be concerned with Cloud service software being misconfigured and that employees can be careless with data (humans and machines do not always mingle well!!) however, the largest threat and source of fear comes from cyber-attackers…. So what can you do to protect your business and your clients’ data? Cyber insurance can be a very valuable tool for Cloud customers who are not able...View Full Post

Be prepared to travel

It is the time of year when we are all looking to book our summer holiday and January is historically the Travel Agents busiest time. There has been a trend over the last few years of holidaymakers venturing further afield, although the European Union still remains the number one destination for the British, with Bulgaria taking the top spot. The Foreign and Commonwealth office launched an on-going campaign in 2001 called ‘Know Before You Go’ (KBYG) with just over 500 travel industry partners to help Brits to stay safe and healthy abroad. The campaign was launched to promote these key messages: get...View Full Post

Is cyber and privacy insurance important for recruitment consultants?

Recruitment Consultants have access to sensitive information for the personnel they place including salary details and full employment history. Whilst discretion is paramount, there is a possibility that information can end up in the wrong hands. For companies offering an online facility there is certainly a higher level of risk as personal information could be lost if a system was to be hacked. Our recommended product includes cover for system damage as a result of hacking as well as providing an indemnity for cyber and privacy risks. A breach of privacy issue needs to be dealt with quickly and...View Full Post

Should a software company buy professional indemnity insurance???

Information technology is the backbone of many businesses yet is poorly understood by many. There’s often an enormous mismatch between client and professional expectation, probably unique to the information technology industry as regards professional indemnity claims. IT risks used to be treated as “Miscellaneous” but, as the industry has emerged into one of worldwide importance, so the understanding of the legal profession (and thus insurers) has led to a specific focus on IT in its own right. Below are some professional indemnity claims that software companies have faced: • ...View Full Post

What is Professional Indemnity Insurance?…..and why do I need it???

Professional indemnity insurance is liability insurance that covers your business in the event that a third party claims to have suffered a loss as a result of professional negligence. Many professions are required to have PI insurance cover as a regulatory requirement or as part of their professional authorisation. This includes solicitors, accountants, architects, insurance brokers and financial advisers. Many consultants, technology companies, media companies, designers and other emerging professions also choose to or are contractually required to have this type of insurance. Making sure you...View Full Post

Recruitment Companies and Vicarious Liability Cover!

Vicarious liability is a relatively simple concept and means being responsible for the negligence of another party. Since recruitment agencies can be deemed the employer of temporary workers, they can also be deemed responsible for the temporary workers’ negligence, even when they have not been responsible themselves in supplying their recruitment service. Increasingly, recruitment agencies are signing up to hiring clients’ terms of business, and more agencies have contracts of employment with temporary workers than ever before, particularly as a consequence of the agency workers regulations...View Full Post

How Public and Employers liability insurance works

Public liability insurance offers financial protection against claims from members of the public for bodily injury or property damage, providing that the policyholder is legally liable. Employer’s liability provides financial protection against claims from employees for bodily injury, providing the employer is legally liable. There are two ways that Insurers calculate the premium for these policies. For smaller businesses the insurers calculate the premium based on the number of employees, this is called “per capita” rating. For larger companies the premiums tend to be rated on the estimated...View Full Post

Technology Companies…..Don’t Leave Yourselves Unsecured!!

Technology companies face unique risks and require specific insurance coverage’s to protect their business from financial loss. Technology professional indemnity insurance is a key element of risk management in the technology industry. Typical reasons that professional indemnity claims are made against a technology company include: • Programming errors • Poor customer communication • Problems with large integration/installation projects • Development problems • Problems with combining or integrating software or hardware components • Customer changing project scope (often referred...View Full Post

Business Insurance – 3 tips for getting the best value out of your insurance

Insurance companies are becoming more innovative as they strive to win new business.  No longer are no claims discounts confined to the realms of motor and household insurance.  It is well worth asking your broker if your insurer offers a no claim or low claim rebate, you may be pleasantly surprised. Stability in business costs is always good; once you have a good deal for your insurance, ask your broker if the insurer will offer a 3 year rate guarantee.  For a commitment to stay with an insurer, you can protect the business from unexpected premium increases. When changing insurers you may be...View Full Post
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