by Trava, Cyber Risk Management | Oct 2, 2023 | Articles
As we reflect on the past five years of businesses falling victim to ransomware, it becomes evident that the rise in malicious cyber-attacks poses a significant and tangible threat. In 2022, 71% of businesses reported attacks, a massive jump from the 55.1% facing...
by Trava, Cyber Risk Management | Oct 2, 2023 | Articles
Did you know that 1 million passwords are stolen weekly, and 81% of all breaches leverage stolen or weak passwords? Scary stuff. Multifactor authentication (MFA) can protect you even if your password is compromised. It requires users to verify their identity using...
by Trava, Cyber Risk Management | Sep 4, 2023 | Articles
Most companies depend on regular internet access in one way or another, whether it’s to check customers out at a POS system in a store or to help provide online support. Most companies could not even imagine going a single day without internet access. At the same...
by Trava, Cyber Risk Management | Sep 4, 2023 | Articles
The History of Cyber Insurance The cybersecurity insurance industry is a relatively new one. Cyber insurance has its roots in errors and omissions insurance, a form of insurance that covers companies against faults and defects in their services. What is Typical Cyber...
by Trava, Cyber Risk Management | Sep 4, 2023 | Articles
If you manage a SaaS company, you know the high demand that your company faces. You have to provide stable, fast, and effective services to all your clients every day. But if your software system fails, your company could be in trouble. Whether your system experiences...
by Trava, Cyber Risk Management | Sep 4, 2023 | Articles
Risk management systems allow computer information to collect risk data and eliminate business risks. It’s used to ensure that the bank’s internal controls meet the requirements of regulatory agencies. An example of this would be the Basel II accords. These standards...
