Can Your Business Sustain a Cyber Attack?

Glenn Patton, Managing Director – Canada and Patrice Lafayette, Vice President at Roanoke  along with Pat Fosberry, Director of Export Compliance at John S. James Co. and Cameron Roberts, Partner at Roberts &  Kehagiaras LLP participated recently in a risk management panel at the NCBFAA Annual Conference. The session was aptly titled “One Thing After Another” and focused on, international shipping concerns, cyber-attacks, bond insufficiencies, CBP deadlines  and suggestions for mitigating your risk as a logistics service provider. Below is a recording of the discussion. There are a multitude of strategies, tools and insurance products that can help you protect […]

While cyberattacks caused by sophisticated cybercriminals and the advent of artificial intelligence (AI) make headline news, human error continues to drive most cyber events. According to Harvard Business Review (HBR), more than 80% of cyber incidents are attributed to end-user error. The worldwide cost of cybercrime was estimated at $10 trillion in 2023 and is expected to more than double in the next four years. In addition, in a 2022 study by Stanford University, 90% of ransomware attacks originated through phishing emails to employees, according to an article by Maria Long, Vice President, Cyber Underwriter & Risk Management Portfolio Leader […]

  Fraud. It happens every day. We think of protecting our personal interests, but what about our businesses, employees and clients? Are you prepared to handle the potentially crippling ramifications if your business is hacked or held for ransom? What is cyber insurance? Dealing with cyber crime is not as simple as paying a ransom and moving on. Freight forwarders are at heightened risk for targeting by cyber criminals because all of their business activities are conducted electronically. And while familiarity with the risks grows daily, cyber crime is still a relatively new exposure in the industry. Small and mid-size […]