Steers Insurance Blog

Technology has changed how we work, the way we do business, and how we look at business insurance.

Data scraping is the process of taking information from a website using automated tools and importing the information to another program or computer. This procedure is used to collect large quantities of publicly available information and reuse it elsewhere.

Having an online presence is important for many small businesses to do to stay current and be successful. One issue with being online is the risk of cyber threats. Do you have a small business and are worried about threats while online? Here are nine tips to have on hand to protect your business.

Did you know October is Cyber Security Awareness Month?

Since the COVID pandemic has arrived, RSA, a Canadian general insurer, has found an increase in the number of suspicious claims being flagged for possible fraud investigation compared to those during pre-pandemic times.

In today’s economy, almost every sector has become dependent on technology. With this heavy reliance on technology, tech companies are also beginning to feel the liability assumed in providing this now important infrastructure to these industries to have adequate insurance protection and strong risk management strategies. It can be said that the world as we know it would cease working without it.

The COVID-19 pandemic did more than infect people in 2020. This crisis also forced businesses to digitize, exposing them to more cyber risks, a new report has found.

As COVID-19 continues to take its toll on healthcare systems worldwide, cybercriminals are leveraging this time to try and steal money from an already vulnerable system.

Technology is ever evolving. Because of this, cyber and economic crime has also evolved and increased. According to Stats Canada, in 2017, one in five Canadian businesses reported a cybersecurity incident that affected their business. A 2018 PwC study found that 55% of Canadian companies experienced economic crime in recent years. It is because of the steady increase in crimes that many insurance companies now recommend Crime protection in addition to traditional business insurance. The enhanced commercial lines Crime offer provides higher limits, broader coverages, and coverages that were either not previously available to all customers or required endorsements.

Every day business owners rely on our computers, smart phones and tablets to keep them connected with their business and to their clients. If your business spends any time online, make sure it is protected against cybercrime.