The ALS Group Risk Management Articles

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

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Trump’s Cybersecurity Exec Order: Businesses Should Follow the Lead

What does the new order do? On May 11th 2017, President Trump issued the new, signed cyber security executive order that demands each federal agency and department head will be held accountable for cyber security risk to their enterprises; an initiative to better protect the federal government’s critical data and systems. It outlines the cyber-risk reporting requirements that they must adhere to and names the framework that they’ll use as the standard.

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A world map highlighting locations with a high density of activity in Europe, Russia, India, and parts of North and South America

WannaCry Ransomware Attack: Key Healthcare Data Security Takeaways

Source: The New York Times   Though there’s currently no evidence that patient data was breached in last week’s massive cyber attack on UK hospitals, the news sent shock waves around the globe. The ransomware used in the attack, known as “WanaCrypt0r 2.0” or “WannaCry,” disrupted health services and ambulance transports at several hospitals throughout England.

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Aerial view of a construction site at the intersection of Little West 12th Street and 9th Avenue, showing a collapsed area

When Construction Shortcuts Become Criminal

Take a casual stroll in Manhattan and you can’t help but notice that construction is booming. Cranes, scaffolding, and sidewalk sheds are everywhere. And this isn’t just a New York City phenomenon. Ground-up construction and renovation projects are picking up all across the country. Low interest rates and favorable building conditions are resulting in a surge in real estate & development projects.

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6 Strategies to Mitigate Cyber Risk in the Healthcare Sector

6 Strategies to Mitigate Cyber Risk in the Healthcare Sector

The healthcare sector is without a doubt one of the most targeted industries for cyber hackers. Different industries have different types and degrees of cyber risk exposure. But hackers and malicious campaigns take aim at the healthcare sector in particular due to the private nature and black market value of the data.

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A hand in a white shirt executing risk treatment by stopping a line of falling dominoes on a white surface.

ERM | RISK TREATMENT

In our latest posts on Enterprise Risk management (ERM), we addressed the three phases of Risk Assessment: Risk Identification and Risk Analysis and Risk Evaluation. In this post, we turn our attention to Risk Treatment.

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A laptop screen displays an orange envelope with a black paper showing a skull and crossbones, indicating a malware or virus threat.

Should You Pay Ransomware? No, Do These 6 Things Instead

Ransomware strikes. Your critical data files have been encrypted and your business grinds to a halt. Do you: a) spend countless hours rebuilding from backups (if you were diligent enough to ensure they’ll work) or b) pay the perpetrator to unlock your files? Now that ransomware is spreading like wildfire through malicious emails, “malvertising” campaigns, and exploit kits, many firms and individuals face this exact scenario.

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Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

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