At-Bay

Escape room solved in 40 minutes and we only needed one clue! (delivered in three different ways😂) Had a great time with the best team in the business last night!! Missing our friend Victoria Angiolillo (Civisca)

We analyzed 55,000+ policy years of data to uncover key trends in email cybercrime and financial fraud. The results? Eye-opening. 🔷  Email claims jumped 24% in 2023—impacting businesses of all sizes. 🔷 90% of SMB financial fraud claims started with email, costing $219K on average. 🔷 Google Workspace users had 3X fewer incidents than Microsoft 365 users. 🔷 Mimecast customers saw the best outcomes of all SEG users, with 37% fewer incidents than average. 🔷 Business Email Compromise was behind 63% of financial fraud claims. 🔷 Real estate took the hardest hit, with $434K stolen per financial fraud incident. Get the full report for detailed insights - https://lnkd.in/gQVqkKY8

Email is critical to business operations, from communication to financial transactions, but is your current email security equipped to handle today's evolving threats? Traditional SEG solutions may leave organizations exposed to sophisticated risks like Business Email Compromise (BEC) or account takeover. MDR for Email offers a more comprehensive defense, combining advanced email security with 24x7 monitoring and response from a dedicated security team to stop threats before they escalate. To see how these solutions compare, download our Buyer’s Guide for a detailed breakdown. https://lnkd.in/gJZ9bdU4 

As financial fraud continues to rise, it's important to stay proactive in protecting your business. The fraud prevention tips in this carousel are a great start. But beyond these actions, we’ve also introduced a couple of tools designed to help strengthen security: 💡 At-Bay Fraud Defense – Powered by AI and proprietary data, this solution detects fraud attempts and is available with every Cyber and Tech E&O policy. 📧 At-Bay Managed Detection and Response for Email – Offering continuous monitoring and response for email security. Customers that adopt these solutions may also unlock higher financial fraud coverage sub-limits — up to 4X the industry standard. Visit our blog to dive deeper into these strategies or check out the link in comments to learn more about our new offerings.  🔗 https://lnkd.in/g4arYnSh

$2.7 billion lost to financial fraud, according to the Federal Trade Commission. 🤯 What’s even more alarming? According to At-Bay claims data, 9 out of 10 financial fraud incidents started with something most businesses use every day: Email. This is why we created At-Bay Stance Fraud Defense — a proactive solution designed to stop email-based fraud before it happens. By using advanced AI and real-world claims data, Fraud Defense identifies and prevents suspicious emails that secure email gateways (SEGs) don’t catch. Better yet, it’s available with every Cyber and Tech E&O policy placed by At-Bay. It’s time to close the gap and protect your business from evolving cyber threats. Learn more - https://lnkd.in/g-5Jkyux

💥 Thrilled to share that At-Bay has made the Forbes Fintech 50 list for the third year in a row! 💥 Our #InsurSec approach continues to revolutionize how businesses tackle digital risk. By combining world-class insurance with cutting-edge cybersecurity, we're empowering companies to thrive in the digital age. Huge thanks to our team for driving this work forward, and congratulations to everyone on this year’s list! Check out the full list here - https://lnkd.in/eG2Q8NHH #Fintech50

What if the right security tools could drastically cut your cyber risk? At-Bay’s Yoshifumi Yamamoto, Ph.D., Emma Ye, and Roman Itskovich teamed up with Guidewire Software to explore the powerful impact of EDR and MFA on cyber CAT models, and how these solutions can prevent and mitigate cyberattacks, particularly for SMBs. Inside the white paper, you’ll find: ▶︎ The role of EDR and MFA in reducing the likelihood of attacks. ▶︎ A closer look at how these solutions influence tail risk. ▶︎ A real-world case study from our insured portfolio. Thanks to Guidewire’s Douglas Stromberg, Maurizio Gobbato, Ph.D., and Stephen J. Clark for the partnership on this insightful asset. Dive into the full white paper here: https://lnkd.in/gtWW8JTx 

🎾 Pickleball, anyone? We teamed up with brokers from Marsh for a day of friendly competition and plenty of laughs on the court. It’s not every day you get to mix business with some serious pickleball action! Great times, great people. Looking forward to more events like this!

The sun and thermometer were not the only sources of smiles this week in Miami for the NetDiligence® Cyber Risk Summit! 🌴 This year’s forum offered an ideal setting for trading partners new and old to connect and share predictions for the movement of the market, emerging risks, and opportunities for growth. ☀️ At-Bay was thrilled to use the time meeting with our wholesale and retail brokers - updating them on recent enhancements to our unique #Insuresec value proposition to SMB and Middle Market clients. Thanks to all for skipping the beach, and taking a meeting! ⛱️ #CyberRiskSummit #NetDiligence #CyberInsurance #Cybersecurity #AI #RiskManagement #MiamiBeach #InsurSec

Looking for a perfect match for your clients this Valentine's Day? Look no further than InsurSec: The perfect combination of insurance and security for better end-to-end prevention and protection. This Valentine's Day, don't let cybercriminals break your clients' heart or their business. Help them protect their digital assets with InsurSec, because true love means better coverage, better service, and better security.