Berkley Select (a Berkley Company)’s Post

We’ve become a more connected society & our digital footprint is always expanding. There are lots of benefits to this, but it also means that cybercrime & scams are increasing. Some insurance carriers have resources that allow you to learn about trending scams & track your online activity in real time. Learn more in this quick video. https://lnkd.in/eDQ5t24t

A must read on how E&O, Cyber, Crime, D&O insurance markets are going to be as we progress into 2024. #wtw #cyber #riskmanagement

An incident response plan is like insurance: you hope you won't need it, but you should have one just in case. 💼 Don't fall for the myth that cybercrime only hits big corporations. Cybercriminals target businesses of all sizes. Is your business ready to fend off cyberattacks? Dive into our blog for real-life stories and valuable lessons: https://lnkd.in/gMfc4R29

In 2017, Merck faced the NotPetya cyberattack, seeking $1.4 billion in damages from insurers who invoked war exclusions. The case settled confidentially after years of legal battles. This could have set a precedent for cyber insurance but remains ambiguous. With rising cyber threats, more disputes between insurers and policyholders may follow.</div><div class="read-more"><a href="" class="more-link">Continue reading</a>https://lnkd.in/gnGBY-Xt

In an era of increasingly sophisticated financial scams, protecting your hard-earned money has never been more crucial. #FinancialSecurity #ScamPrevention #MoneyProtection #CyberSafety #FinancialLiteracy https://lnkd.in/dBgBXWdq

Is your company grappling with the headache of #chargebacks? Are you losing product to #fraud or finding that your legitimate customers are being slowed down by your current security measures? Our expert analysts at IPS are here to seamlessly blend into your existing #FraudPrevention team, amplifying their skills and ensuring that no threat slips through the cracks. We don’t just #FightFraud; we strategize against it. Our goal is to bolster your team’s capabilities and effectively transform your fraud management system into an impenetrable fortress, while your real customers enjoy a smoother, accelerated check-out process. https://buff.ly/3UaYwUJ

October is #CybersecurityMonth and it’s more important than ever to get ahead of online threats. MetLife + Aura’s automated solution is a smart, simple way for employees and their families to stay safe online — and it's designed to help stop fraud before it happens. Check out more: https: https://lnkd.in/ei97ek9v

🔹 **Serious News Alert**: A Texas company has fallen victim to a criminal fraud scheme, leading to a staggering loss of $60 million. 🚨 🔹 The FBI highlights the alarming trend of fraudsters raking in billions of dollars through such deceitful activities every year. 🔹 This incident serves as a stark reminder of the pervasive nature of financial fraud in today's world, impacting businesses of all sizes. 🔹 In an era where digital transactions are on the rise, organizations must remain vigilant and strengthen their defense mechanisms against increasingly sophisticated fraudulent schemes. 🔹 It is crucial for companies to prioritize investing in robust security measures and employee training to combat the ever-evolving tactics used by cybercriminals. 🔹 As we navigate these challenging times, staying informed, proactive, and alert could be the key to safeguarding our businesses and financial assets from potential threats. 🔹 Let's unite in spreading awareness and fostering a culture of resilience against fraud, aiming to create a safer and more secure environment for businesses to thrive.

Protecting your wealth is just as crucial as growing it. Beyond smart investments, safeguarding against fraud is key to maintaining what you’ve built. Check out our latest article to learn more:

What do we predict for the FINEX markets in 2024? https://ow.ly/JfoZ50Qpxzp Read our annual year-in-review/year-in-preview FINEX publication to learn what we expect the most pressing claims issues to be for the D&O, #cyber, #EPL, #fiduciary and #fidelity insurance markets. #WTWRisk #WTWFINEX #ASmarterWayToRisk