News & Insights

Preventing Business Email Compromise

October 06, 2021

Preventing Business Email Compromise
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October is Cybersecurity Awareness Month. To help our insureds better protect themselves and their practices from a cybersecurity incident, we will provide cybersecurity-related content in our newsletters and on social media this month.

This week, we are focusing on business email compromise (BEC), which is a technique used to gain access to your company email so criminals can impersonate a co-worker, manager or other trusted business partner to steal sensitive data and money. Email fraud such as this can you cost millions.

To learn more about how BEC scams work and three easy steps to protect your practice or business, click here to download the Cyber Risk Guide provided by our cyber risk experts, Tokio Marine HCC – Cyber & Professional Lines Group.

Cyber Liability Coverage and Resources from LAMMICO
 

LAMMICO includes $10,000 of MEDEFENSE® Plus/Cyber Liability coverage in most provider policies at no additional charge to the insured. We also offer the option to purchase higher limits of protection through our subsidiary agency, Elatas Risk Partners, subject to underwriting which will include questions that hone in on two factor authentication and backup processes and procedures. Please contact Carly Thames, Elatas Account Executive, at cthames@lammico.com or 225.906.2062 for information on purchasing higher limits of Cyber Liability insurance.

In partnership with our cyber risk experts, Tokio Marine HCC – Cyber & Professional Lines Group, LAMMICO offers our insureds complimentary access to TMHCC CyberNET®, the most advanced cyber risk management solutions inclusive of incident response plans, compliance and training materials as well as information addressing latest trends in data breaches and cybercrime, including those concerns surrounding COVID-19.

Registered lammico.com Members are encouraged to log in and access the CyberNET® portal.

For more information about minimizing cyber security threats, please contact the LAMMICO Risk Management and Patient Safety Department at 504.841.5211.


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