At-Bay

Identifying third-party cyber risks is essential for maintaining your business continuity. 🚨 We broke down four key steps to help you assess the potential risks posed by your vendors, ensuring that any disruptions don’t lead to unacceptable losses. Swipe through to learn the questions you should ask to determine whether a vendor is mission-essential and how to protect your business from potential service interruptions. 👉 https://lnkd.in/gvyrf-xy

Had a fantastic time at the Professional Liability Underwriting Society Southern California Annual Holiday Party! It was a great opportunity to connect with industry peers, celebrate the season, and discuss the latest trends in risk and insurance. Shoutout to Claudia Marquez and Hulices I. for representing At-Bay at the event!

98% of cyber claims come from businesses under $2B in revenue - and we're finally getting clarity on their risk profiles. A recent whitepaper from At-Bay and Guy Carpenter reveals how limited historical data on SMB security postures has left CAT models struggling to assess cyber risk accurately. In fact, this will form part of the session that Emma Ye and Jess Fung will present at our Summit in March. The problem? Current models are built around large enterprise profiles, but SMBs have completely different risk patterns. This mismatch makes it tough for insurers to deploy capital effectively in the SMB market. The solution? At-Bay's data shows how incorporating different security controls and approaches can transform our understanding of SMB cyber risk and reduce tail loss significantly. You can read all about it here: https://lnkd.in/gGCEVwF9 Kudos to Emma Ye and Yoshifumi Yamamoto, Ph.D. from At-Bay, and Jess Fung and Richard McCauley from Guy Carpenter for this essential research. You can catch Emma and Jess present this research at our 12th Annual CAT Risk Management & Modeling Summit. Check the comment section for a link to register! #catriskmodeling #catrisklondon #catriskmanagement

The magic of Disneyland is truly something special - a place where creativity, innovation, and joy blend seamlessly to create unforgettable moments. A special shoutout to At-Bay’s Hanh Vo and Claudia Marquez, for hosting an unforgettable day with Chris Valenzuela, Juliet Torres, Haleigh Cusumano, Kristine Velasco, Morgan Deese, and Anne Thurston. It’s amazing how a little bit of Disney magic can spark such great conversations.

Financial fraud is everywhere, and it’s often hiding in plain sight. Nearly 75% of these incidents occur with known vendors, and 89% happen during expected transactions, making them difficult to catch before it's too late. To arm your team with the right tools to spot and stop fraud, we’ve created a FREE printout with 8 critical questions to help you identify the warning signs. Don’t wait until it’s too late — download your worksheet now and start safeguarding your transactions.  https://lnkd.in/gx5Wj-xJ

The holiday season is all about connections and giving back. This past week, we were honored to support two inspiring events: ✨ NAAIA - National African American Insurance Association's Atlanta chapter, Atlanta Association of Insurance Professionals Holiday Gala: At-Bay was a proud sponsor at this celebration of industry accomplishments and support for AAIP’s scholarships and professional growth initiatives. Thank you to Ejike Okoro, Melanie Seals, Miken Aliscar, MBA, and Joselyn Wade-Price for representing us! ✨ The Bridge Transcends Holiday Open House: A wonderful morning of networking in New York with the Financial Lines community, supporting Safe Horizon and their mission to help victims of crime and abuse. Shoutout to Trisha Reyes and Dina Tennekoon for attending on behalf of At-Bay! We’re grateful to support organizations driving positive change in our industry and communities. Here’s to the power of connection this season! 💙

According to recent At-Bay data, three out of four financial fraud cases exploit trusted business relationships. 😳 Attackers know that the easiest way to intercept payments is to target existing relationships businesses with vendors and partners. By impersonating familiar contacts or compromising third-party systems, they redirect payments with alarming precision. Strengthening processes and communication safeguards within these existing networks is critical to disrupting these schemes before they succeed. Want to learn more about financial fraud trends? Download our 2024 InsurSec Rankings Report for insights. https://lnkd.in/gQVqkKY8

Had an incredible evening watching the Dallas Mavericks with our valued RT Specialty partners Christian Mathas and David Luczak Jr. at the American Airlines Center. Thank you to our At-Bay team members Matthew Tuquabo and Faith Preslar for the slam dunk! 🏀

Just released: At-Bay 2024 InsurSec Rankings Report | Find out why #GoogleWorkspace customers had 54% fewer email security incidents than average, and 3X fewer incidents than those using Microsoft 365. 👉 https://goo.gle/3VnX8iY

Business Email Compromise (BEC) is a favorite of cybercriminals for a reason: it's sneaky, calculated, and social engineering is alarmingly effective. With 64% of financial fraud starting from a hacked email, these attacks are no ordinary scams. Hackers don’t just break in; by compromising a company's email, they can really do their homework. Once inside an inbox, they study the victim, their company, and vendor relationships to craft a scheme so seamless it’s almost invisible. A legitimate-looking email discussing an expected payment or transaction? Perfect cover for a high-stakes heist. BEC is a reminder that sometimes, the biggest threats come disguised as business as usual. Download our 2024 InsurSec Rankings Report to learn more - https://lnkd.in/gQVqkKY8