Malicious software, also known as malware is a term that can be used for various viruses, spyware, worms and programs that attack your device or computer. The goal of malware is to target and retrieve protected data, remove confidential documents or add software without user consent or knowledge. Software is identified as malware based on its intended use, rather than a particular technique or technology used to build it.
A computer virus is a malicious software which self-replicates and attaches itself to other files/programs. It has the capability of executing secretly when the host program/file is activated. The different types of Computer virus are Memory-Resident Virus, Program File Virus, Boot Sector Virus, Stealth Virus, Macro Virus, and Email Virus.
Types to Look Out For
Spyware secretly records information about a user and forwards it to third parties. The information gathered may cover files accessed on the computer, a user’s online activities or even user’s keystrokes.
Adware as the name interprets displays advertising banners while a program is running. Adware can also work like spyware, it is set up to gather confidential information and essentially spy and gather information from someone’s computer.
Ransomware is a form of malware that encrypts a victim's files. The attacker then demands a ransom from the victim to restore access to the data upon payment. Users are shown instructions for how to pay a fee to get the decryption key. The costs can range from hundreds to thousands of dollars mainly paid through Bitcoin.
There are a number of defensive steps you can take to prevent ransomware infection. These steps are a course good security practices in general, so following them improves your defenses from all sorts of attacks:
Remember the ABIS team can meet your needs whether you are a global enterprise or an entrepreneurial startup company. We have the experience and market presence to put together a risk management solution for cyber risk or tailored to your specific needs.
Visit our website to learn more: https://www.abisonline.com
With the number of data breaches increasing every year, it’s not a question of if your business will suffer a breach, but when. The threat affects companies of all sizes and in every industry, including manufacturers.
In fact, manufacturers are one of the most susceptible to cyber threats. According to a Kaspersky Labs report, manufacturers’ computers accounted for about one-third of all attacks as sophisticated attackers are after intellectual property.
Whether malicious or accidental when a cyber event occurs it can expose critical information that businesses are required to protect subject to State and Federal privacy and data breach notification laws. Within the manufacturing industry over 60% of all malicious attacks use cyber espionage of social or phishing attacks as the calling card.
The costs associated with cybercrime are increasing dramatically, not to mention putting the business’, customers, and reputation at risk. All of this can be crippling to companies who have not made cybersecurity part of their annual budget. An article by Varonis reports the following:
Cyber risk policies provide coverage to help protect against data breaches and other fast-evolving cyber exposures not covered by standard property and liability policies. These policies respond in multiple ways such as security card data remediation and notification expense, network and information security liability, regulatory defense expenses, crisis management event expenses, and computer program and electronic data restoration expenses.
Manufacturers can no longer ignore the threat. When your business relies on continuous operation, getting shut down due to a cyber-attack is an unacceptable risk.
Businesses frequently enter into contracts with suppliers, vendors, independent contractors, landlord/tenants, and other service providers.
In those contracts it is common to find language which transfers the liability of one party to the other in the event that bodily injury, property damage (tangible and intangible) and other liabilities arise out of the contractual relationship. The liability may involve both insurable and non-insurable liabilities upon the contracting parties.
The contracting parties, and their supporting legal and risk advisors should review in detail the contractual language and what liabilities may be assumed due to the contract.
Contractual Risk Transfer is one of the five traditional risk management techniques within a business.
These techniques include: Risk Retention, Risk Control, Risk Avoidance, Insurance Transfer & Contractual Transfer.
Areas to Consider:
Normally spotting the language within the contract that involves risk transfer will be clear and obvious, for it will be clearly titled “Indemnification”, or “Indemnity and Hold Harmless.” Keep in mind, in some cases the language may be embedded in other clauses of the contract such as the “Insurance” clause. Great care should be taken in reviewing the language, for a business may unwittingly assume damages, legal expenses or other expenses they did not intend or desire to assume.
Do not assume what may have been the verbal intent of the parties is reflected correctly in the contract language, “Trust, but verify.” When in doubt seek proper legal counsel.
Please also note that in most cases insurance may or may not provide full support to the indemnification clause due to the existing insurance policy terms, conditions and limits. It is important to consult with your insurance advisor in transferring risk utilizing your insurance contract. They can address any changes to your insurance policies required to support your contractual obligations under the contract.
It is recommended that your insurance advisor review documents, such as certificates of insurance, received from the other party to confirm compliance with any insurance requirement of that party under the contract. Again remember, “Trust, but verify.”
Risk prevention is crucial and taking the precautions before committing to a contract or entering a new business venture will increase your risk management techniques and promote valuable insight.
With ever changing rules and regulations, the Agri-Business team can meet your needs, whether you are a global enterprise or an entrepreneurial startup company.
ABIS has the experience and market presence to put together a risk management solution tailored to your specific needs. Contact an agent today!
Injuries due to slips and falls are one of the most frequently reported workers’ compensation claims. While these accidents can happen anywhere, any time, they typically spike during the winter months. According to the U.S. Bureau of Labor Statistics, over 20,000 workplace injuries due to falls from snow, sleet, and ice occurred in 2016. Of those, 28 percent resulted in more than a month off of work.
Employees and visitors alike are at risk, but with a proactive safety plan, slips and falls can be prevented.
The Department of Labor (DOL) issued a final rule that increased the civil penalty amounts that may be imposed on employers under various federal laws. The DOL’s final rule implements the 2018 annual adjustments for civil penalties assessed or enforced by the DOL, including penalties under the FLSA, FMLA, OSHA, and ERISA. The increased penalty amounts became effective on January 2, 2018, and may apply for any violations occurring after November 2, 2015.
The calendar may record the first day of summer as June 21, but Mother Nature has a mind of her own. In the Midwest, we have already broken heat records. While that may be nice if you’re spending the day hanging out at the lake, it can be dangerous for those who work in hot temperatures.
Workplace injuries are a significant risk for any business, and they can lead to costly medical bills, lost productivity, and increased insurance premiums. There are numerous strategies employers can implement to reduce the number of injuries in their workplace.
Workplace injuries are a significant risk for any business, and they can lead to costly medical bills, lost productivity, and increased insurance premiums. There are numerous strategies employers can implement to reduce the number of injuries in their workplace. Consider the following ideas:
The Worker Protection Standard (WPS) was developed by the EPA to reduce the possibility of agricultural worker injuries should they come in contact with potentially hazardous pesticides.
Key components of the WPS include:
Training information concerning the WPS is available at http://pesticideresources.org//index.html