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Jan 13, 2021

SolarWinds Hack: A Perfect Storm Cyber Hurricane or a Wake-up Call of What Could Come?

While the full details and broader impact of the SolarWinds Orion hack are still unfolding, one thing is known for sure; the impact of this wide-spread and potentially devastating attack by a highly sophisticated adversary could have easily become the worst-case scenario. Without regard to industry, geography, organization size, or any other discernable commonality, other […]

Dec 23, 2020

Mike White Promoted to Head of Property Placement

ATLANTA (December 23, 2020) – Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, announces that Mike White has been promoted to Head of Placement within the National Property Practice. White will now lead property placement activities, manage Beecher Carlson’s property carrier partner relationships, and drive various innovation initiatives. White will […]

Dec 23, 2020

Webinar: Risk Does Not Rest | Confronting Cyber Extortion Targeting Healthcare Organizations

With the upward track of ransomware attacks, many healthcare organizations are considering a more aggressive and deliberate approach in response. In Beecher Carlson’s Risk Does Not Rest webinar, we heard from a risk manager who has experienced an incident from its early stage to a successful outcome and the experience of response coaches and actual […]

Dec 17, 2020

Ransomware and Market Reaction

The increase in ransomware attacks over the last two years has been dramatic. Costs of attacks and payments have increased significantly, and the sophistication of the malware has increased. Ransomware claims increased 239% from 2018 to 2019 Cost of ransomware payments increased 228% from 2018 to 2019 Average ransomware payments increased 31% from Q2 2020 […]

Dec 11, 2020

Is 2020 the End of Silent Cyber?

For years, many lines of business have failed to either affirmatively include cyber coverage or explicitly exclude it, but as of January 1, 2020, underwriters are required to clarify their positions on these cyber exposures. Beecher Carlson's Reiner Braun, Scott Buchholz, Chris Keegan, and John Kerns as well as AIG's Tracie Grella recently discussed the resultant limitations and exclusions being introduced by various insurance carriers throughout the market and the solutions available to address them.

Nov 30, 2020

Beecher Carlson National Cyber Practice Adds Oren Wortman as Managing Director

Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, announces the addition of Oren Wortman as Managing Director of the National Cyber Practice. Wortman is responsible for helping risk managers and technology professionals develop strategic goals to maximize return on investment for risk mitigation solutions. He reports to John Kerns, Executive Managing Director, and will work out of Beecher Carlson’s New York office.

Nov 18, 2020

A COVID-19 Vaccine and the Role of Employers

As COVID-19 clinical trials move closer to FDA approval, and the nation readies itself for a vaccine(s), employers are starting to think through how to best prepare operationally and support their employees from both an education and access perspective. This paper examines at a high level the science and process associated with vaccine development and approval and identifies the areas employer plan sponsors will need to contemplate as the vaccine becomes widely available. It is important to note that the data and the opinions reflected in this paper are captured in a point in time and could change rapidly based on the environment. For example, there could be some surprise vaccine entrant to the marketplace that is approved ahead of current projections, or there could be clinical trial data released next week that could change the course of vaccine development and timing.

Oct 30, 2020

Healthcare Ransomware Attacks Predicted this Weekend

This week, the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) have sent advisories regarding a cyber threat to hospitals and health care providers. The CISA, FBI, and HHS alert (https://us-cert.cisa.gov/ncas/alerts/aa20-302a) suggests there is credible information that a widespread ransomware attack using Ryuk, TrickBot, and other malware will take place this weekend. The threat actors are claiming that they are targeting 400 healthcare organizations. Experts suggest entities may already have the encryption malware on their systems, but the threat actors have not yet commanded it to activate.

Oct 28, 2020

New Cyber Advisory from CISA

The US Federal Cybersecurity & Infrastructure Security Agency (CISA) released a cyber advisory for critical infrastructure sectors, particularly energy and aviation, warning the IRON LIBERTY threat group poses a significant threat. The advisory emphasizes that the threat can be mitigated through best practice hygiene measures focusing on the following: Patching of internet-facing systems Multi-factor authentication […]

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