Work-from-Home Orders Highlight the Importance of Cyber Coverage

In mere days, the U.S. workforce went from the office, to working from the home office in an unprecedented reaction to the COVID-19 pandemic. In-person meetings have turned to webcams. Private company documents have been shuffled through relatively un-tested and under-secured virtual private networks (VPNs). Confidential emails have been sent from unprotected home Wi-Fi to unprotected home Wi-Fi. And while the coronavirus has millions of workers involuntarily participating and struggling to connect in a global (and already stressful) white-collar experiment no one asked for, one major issue is certain - the need for cyber insurance is more important than ever.

Cybercriminals are thriving in the technological inefficiencies of the past couple of weeks. According to a recent CNBC survey, companies have cited a rise in phishing and cyber scams as high as 40%, while some experts warn this level is likely even higher than the survey indicates.

While encouraging employees to be vigilant by watching closely for phishing emails and exercising extreme caution when clicking on outbound links is helpful, it isn't exactly fool-proof. Cybercriminals seem all too aware of the currently overwhelmed and stretched IT departments and cybersecurity teams - and they are out to take advantage. Hackers have already launched attacks on WHO (World Health Organization), the U.S. Health and Human Services Department, Princess Cruises and Holland American Line cruises (owned by Carnival Corp.) - and those are just among the most publicized.

In the meantime, eyes are on the insurance industry as businesses face vulnerabilities they didn't foresee - and now can't un-see. "The cyber crime that has struck the nation in response to the fear behind COVID-19 is only casting an eye on what was already a huge problem in the United States and the world at large. It doesn't matter what size your business is - if you don't have cyber insurance in place, you are vulnerable. A single click on an email link from one unknowing employee could cost even a small company thousands, sometimes millions - or worse yet, their entire business." - Rocio Orta, Founder of Plum Insurance Services.

Many wholesale insurance brokers don't have access to a solid cyber insurance program for their Retail Agent clientele - but Plum Insurance Services is here to fill their gaps. As a boutique shop that only offers cyber insurance, and only to wholesale insurance brokers, their in-house standalone cyber program offers a premier solution for those looking for a solid standalone cyber insurance program. According to Rocio, "There are too many companies out there that don't realize the effects a cyberattack could have on their company. Especially small to medium businesses - who are our primary focus. We're here to help. Cyber is not only what we do - it's all we do. And we do it well."

What we learn in the coming weeks is bound to change the future of remote work forever. Plum Insurance Services is hoping they can help wholesale insurance brokers keep businesses safe by offering their clients standalone cyber insurance coverage.

Plum Insurance Services
4000 W. Magnolia Blvd. Suite D-144
Burbank, CA 91505
info@gotoplum.com
(818)254-9474
Rocio Orta

About Plum Insurance Services
Founded in 2016 by insurance veteran Rocio Orta, Plum Insurance Services is an independently owned and managed surplus lines wholesale boutique brokerage. Their primary and sole focus is offering their in-house standalone cyber program to the wholesale broker community - and only the wholesale broker community. Their cyber program offers first and third party coverage to small and medium businesses operating in the U.S. and is available for numerous industries and businesses in all 50 states. You can contact them by emailing info@gotoplum.com or visiting their website, www.pluminsuranceservices.com.

This release was published on openPR.