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. 

A person in a white shirt uses a magnifying glass to read a document on cyber liability insurance at a desk, with a pair of glasses placed nearby.

Reviewing Cyber Breach Insurance Coverage | First-Party Costs

Organizations today must regard cyber breaches not as a possibility, but as an inevitable fact of life. In this environment, it’s crucial to have a cyber liability insurance policy that adequately covers the potential loss and offers payment or reimbursement for response costs. Understanding what’s covered by the policy well before a breach occurs and building that knowledge into your company’s incident response plan is critical.

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A magnifying glass highlights the words "NOT COVERED" on a document, emphasizing the exclusions listed in your cyber insurance policy.

Gaps and Exclusions | How Will Your Cyber Policy Respond?

When the front lines of IT security fail and a cyber breach occurs, businesses often rely on insurance to reduce the often extreme financial impact associated with the breach. Policies are usually written to ensure that the insured recovers extra expenses incurred and are covered for fines and penalties placed on the company by regulatory agencies.

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Big Breaches Soar, With No Signs of Slowing Down

Big Breaches Soar, With No Signs of Slowing Down

The year 2016 is turning out to be a record one for data breaches, and cybercrime won’t be slowing down any time soon.  According to global digital security firm Gemalto, nearly five billion private records have been exposed globally since 2013. Data breaches were up 15% in the first half of 2016 compared to the prior six months.

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Taking a Closer Look At Enterprise Risk Management

Taking a Closer Look At Enterprise Risk Management

Every organization is faced with risks and needs to practice some form of risk management in order to maintain the health of the entity. Many take a traditional approach, where risk is managed in silos, with each leader of a business unit (sales, operations, finance, HR, etc.) responsible for managing the risks that fall within his or her area of responsibility.

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Cyber Security | Layering your Defense

Cyber Security | Layering your Defense

Does the threat of Ransomware crippling your organization’s network and operations keep you up at night? At this point, it kind of should. However, there’s a lot your CISO and IT staff could be doing to mitigate the threat and help you sleep a bit more soundly.

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The Power of Parsing Risk: Your Risk Register in Action

Risks pose threats to a broad range of your organization’s resources, such as assets, company reputation or time. These resources are spread throughout a variety of potential risk owners.  In turn, each risk owner may have access to only certain capabilities for addressing risk. For example:

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Making Risk Appetite Statements Do The Heavy Lifting

Making Risk Appetite Statements Do The Heavy Lifting

An Enterprise Risk Management (ERM) process can yield a valuable communication for your organization: the Risk Appetite Statement. This statement serves an important assurance role for stakeholders in your company, and is an indicator of critical, board or executive-level oversight of risk management. It serves as a tangible product of an effective effort to assess and control risk across the enterprise. It can be referenced as the basis for any communication or disclosure your company may need to make about its risk management policy and efforts.

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