Whether you sell products directly to consumers or manufacture them, you may be wondering: who will be liable should the end consumers’ rights be breached? Would it be the responsibility of the supplier/retailer, or manufacturer? And how will this work from an insurance perspective? For example, … [Read more...] about The Supplier or Manufacturer – Who is Liable, and What Type of Insurance Should you Obtain?
If you are a builder considering Cyber Insurance, or upgrading your current Builders Insurance policies to include Cyber Insurance, now might be the time to do so. The Australian Cyber Security Centre (ACSC) has reported a growing trend of cybercriminals attacking building and construction … [Read more...] about Builders under attack! Warning from Australian Cyber Security Centre
If you have Business Interruption Insurance cover, you may not realise that it normally does not extend to Machinery and Equipment Breakdown Insurance. Typically, the policy will only be triggered if there is a loss of income pertaining to property damage. This could be disastrous for many … [Read more...] about Think Machinery Breakdown is Automatically Covered by Business Interruption Insurance? Think Again.
JBS Foods, the world’s largest meat processing company, has just agreed to pay a $14.2 million ransom to a Russian-speaking criminal ransomware gang, REvil. According to ABC News, the five-day cyber hack resulted in the company temporarily having to halt some of its operations in the US, Canada … [Read more...] about JBS Pays $11.4 Million Ransom to Resolve Cyber Attack
The Nine Network has made headlines over the past few days after a cyber attack interrupted its regular weekend broadcasts. The network was put on halt for more than 24 hours, disrupting programs such as the Today show and assets such as 9news.com.au. At the same time, there was an attempt to attack … [Read more...] about Nine Network Hacked – is Anyone Safe?
The Australian Signals Directorate’s Australian Cyber Security Centre (ACSC) and Microsoft advise organisations using Microsoft Exchange to install the patches listed here as an urgent priority. The ACSC states that organisations using Microsoft Exchange deploy the above patches and then … [Read more...] about URGENT update required for Microsoft Users
Our Managing Director, Tony Venning, was recently interviewed by Ticker News to speak about the importance of managing risk in a pandemic-affected economy. The interview covers items such as: 1. How we help businesses face and understand risks 2. How Crucial Insurance helped clients … [Read more...] about Our Live Interview with Ticker News
The Australian Financial Review recently reported how a fake Zoom invite led to the demise of Sydney-based hedge fund Levitas Capital. It was reported that after one of the fund’s co-founders opened the Zoom link, a hacker was able to send off a series of fake invoices on behalf of the … [Read more...] about This Company Just Lost $8.7 Million From a Cyber Attack. Could This Happen to You?