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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. 

Close-up of a computer keyboard's internal circuit board with a small padlock placed on it, surrounded by visible keys like Ctrl, Shift, Esc, Delete, and End—symbolizing the importance of cyber risk assessment.

Navigating the Complex Landscape of Cyber Insurance Companies

In today’s digital landscape, cyber threats are ever-present and complex. At The ALS Group, we prioritize mitigating these risks through strategic risk management. A key component of our strategy involves navigating the intricate world of cyber insurance. We simplify the process of selecting the right cyber insurance policies, integrating them seamlessly into your business’s defense mechanisms, ensuring your assets and reputation are well-protected.

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A hand interacts with a digital screen that displays "Cyber Security" crucial elements often addressed by risk advisory firms in Florida.

Preventing Swatting: How to Defend Against Cyber Attacks

At The ALS Group, we are acutely aware of the evolving threats in the digital landscape, and swatting represents a particularly malicious form of cyber-attack with real-world implications. As a risk advisory firm, our mission is to illuminate the dangers of such activities and provide strategic risk mitigation strategies to safeguard businesses and individuals alike.

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Navigating the Cybersecurity Landscape in 2024: Priorities, Risks, and Resilience

As we launch 2024, we, once again, recognize the escalating significance and pressing demand for treating cybersecurity as a priority for organizations, individuals, and governments alike. Cyber insurance underwriters continue to look for their insureds (or prospective insureds) to have a myriad of IT security controls in place to mitigate various cyber exposures. One particular emerging technology that is giving the risk management and insurance industry reason for concern is Artificial Intelligence (AI). As Artificial Intelligence gains popularity, many industries are adopting this new technology, as it will undoubtedly have a significant impact and increase risk. In fact, there is a scarcity of professionals possessing the skills needed to protect

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CISA/FBI Holiday Cyber Advisory

As air travel for the upcoming Thanksgiving weekend spiked to pre-pandemic levels and AAA estimates over 53 million people will hit the road this holiday, the Cybersecurit y & Infrastructure Security Agency (CISA) and FBI issued an advisory yesterday, warning critical infrastructure partners that malicious cyber actors tend to strike during holiday weekends. “Although neither CISA nor the FBI currently have identified any specific threats, recent 2021 trends show malicious cyber actors launching serious and impactful ransomware attacks during holidays and weekends.”

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A green road sign with the bold text "CYBER CRIME" stands out against a cloudy sky background

OFAC Advisory Makes Paying Cyber Extortion Ransom Illegal

Ransomware continues to be a major issue for companies regardless of the size. It may be hard to believe, but the reason for this lies with the victims, because the quickest and most often used resolution to the attack is to pay the ransom. While paying the ransom, may resolve a problem for an organization, it encourages cyber criminals to continue the attacks.

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A person sits at a desk with their head in their hands displaying a ransomware message highlighting the severe consequences of cyber risk.

Five Tips to Help Prevent Ransomware

As organizations are becoming more aware of Cyber-attacks and Ransomware and are improving IT security tools they use; Ransomware and Cyber criminals are also evolving and are devising new ways to breach a company’s systems.  In addition, expenses related to Cyber breaches/attacks are steadily increasing.  Ponemon’s 2019 Cost of a Data Breach study noted that “breaches originating from a malicious Cyber-attack were not only the most common, but also the most expensive.” Below are several tips to help combat Ransomware and other Cyber threats: Strong passwords aren’t enough – companies should be implementing and enforcing two factor authentication to prevent unauthorized access using a company account, especially for users with

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A person sits at a desk with their head in their hands displaying a ransomware message highlighting the severe consequences of cyber risk.

Top Cyber Risk of 2021

Cyber risk and, particularly, the risk from ransomware appears on everyone’s top risks list these days, including ours. The threat from a ransomware attack has rapidly increased over the past nine months, as many organizations continue to “work from home” which can come with more relaxed cybersecurity practices. As we go further into 2021, cybercriminals will continue to become more sophisticated, forcing these organizations to waste resources reacting to a ransomware attack.

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Parental Control Tools Online Can Mitigate Your Risks

Despite being full of positive, useful and educational information, the internet is chock-full of potential dangers, and your children can unintentionally get into quite a few uncomfortable and, sometimes, dangerous situations. These risks are even more prevalent now, as many parents are working from home and children are attending classes remotely. As highlighted in our past blogs on this topic, if you have a standard Homeowners policy, you will likely have little protection from the legal liabilities that can result from inappropriate actions via the internet. So, what can you do?

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A glowing green padlock icon is embedded within a digital circuit board design, symbolizing cybersecurity and data protection.

Ransomware Demands Spike Due to Covid-19 Pandemic

As companies had to quickly pivot and implement a remote work plan (a lot of them did not have such a plan in place) due to the ongoing COVID-19 pandemic, they became more at risk for a cyber attack and/or breach due to the vulnerabilities they did not even know they had. As a result of this there has been an uptick in the success rate of cyber attacks in the United States. Coalition Inc., a cyber insurance provider, recently released their H1 2020 Cyber Insurance Claims report that noted a decrease in the frequency of ransomware claims however, its policyholders have experienced a 100% increase in average demands from

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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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