At-Bay

🎾 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.

Counting down the days  to the PLUS Cyber Symposium in New York this March! Join us as we connect, collaborate, and dive into the latest in cyber risk. Meet our team who will be on the ground to discuss trends and insights shaping the industry.   💥 Victoria Angiolillo (Civisca) 💥 Tom Stapp 💥 Justine Morris 💥 Rae Haynes 💥 Griffin Goldman 💥 Trisha Reyes 💥 Caitlyn M.  💥 Matthew Bonino 💥 Philip Iordanou 💥 James Riviezzo Looking forward to seeing you there! #PLUSCyberSymposium

Excited to announce that At-Bay's Emma Ye & Guy Carpenter's Jess Fung will be speaking at the 12th Annual CAT Risk Management & Modeling Summit! 🌎 📅 Join us Wednesday, March 12th at 11:30 AM GMT for their session on "Understanding Cyber CAT Modeling: Evolution, Challenges, and Opportunities." This session will explore how cyber CAT models have evolved by comparing them to property CAT risk quantification. They’ll also examine the challenges of managing exposure accumulation in SME portfolios, which make up 45% of the cyber market, and discuss strategies to significantly reduce tail losses. Register for their session here: https://lnkd.in/gwjJ2WNu See you there!

Had a blast at SOCIUS FOUNDATION’s cornhole tournament hosted by RT Specialty. 👏 At-Bay’s William McFarlin and Joe Gates gave it their all, but RT Specialty snagged the championship. Second place never looked so good, especially when it’s for such a worthy cause and alongside worthy competitors!

💥 Financial fraud is becoming more complex thanks to sophisticated tactics like business email compromise (BEC). These attacks can hit when you least expect it, and they don’t look like your typical suspicious phishing email. This carousel breaks down the anatomy of a BEC attack, from how attackers compromise email accounts to executing fraudulent wire transfers. Swipe through to understand the steps and learn how to protect your business from falling victim. Get the full report: https://lnkd.in/gQVqkKY8 Last week, At-Bay announced two new InsurSec solutions that can help improve your chances of catching fraud before it happens: At-Bay Fraud Defense and At-Bay MDR for Email. Interested to learn more? We’ll drop the press release in the comments.

Financial fraud is on the rise, making up 72% of all email-related claims in At-Bay’s portfolio in the first half of 2024. And most of the time, it happens when everything seems normal, during expected transactions with known vendors. Stopping fraud is getting trickier every day with attackers using more complex, generative AI-fueled approaches, but three simple tactics can make an immediate difference: voice verification, warning labels, and vendor due diligence. What else can you do? Earlier this week, we announced two new InsurSec solutions… 💡 At-Bay Fraud Defense: Uses AI and proprietary risk data to detect fraud attempts, available with every Cyber and Tech E&O policy placed by At-Bay. 📧 At-Bay Managed Detection and Response for Email: Premium email security that provides 24x7 monitoring and response. Powered by real-world claims data, these solutions help businesses strengthen security and may help unlock financial fraud limits up to 4X what’s typically offered by the industry. This is InsurSec in action. Learn more - https://lnkd.in/g4arYnSh

Most businesses run on email, and cybercriminals know it. The right security solution can help stop threats before they reach your inbox, but with so many options, choosing the best one can be overwhelming. At-Bay’s Email Security: A Practical Buyer’s Guide breaks it down with the types of email security solutions available, the threats they protect against, and a checklist of key questions to ask vendors. Get the guide here: https://lnkd.in/gDbiTtuE

Financial fraud accounted for $2.7B in losses in 2023 (according to the Federal Trade Commission) — and email-based financial fraud is the leading driver of cyber claims. At-Bay data reveals that financial fraud jumped nearly 50% from 2021 to 2023, and 9 of 10 financial fraud incidents started with email in 2023. Businesses need someone on their side, which is exactly why we’ve created two new #InsurSec solutions that help stop financial fraud AND can unlock better coverage. And the best part: Businesses that use one or both of these solutions can potentially unlock significantly higher financial fraud sub-limits — up to 4X what’s typically offered by the industry. 👉 At-Bay Fraud Defense is part of our unified security platform At-Bay Stance™ and available with every Cyber and Tech E&O policy placed by At-Bay.* It uses AI and proprietary risk data to identify anomalous behaviors and prevent email-based fraud attacks, which most email security solutions do not detect. Eligible businesses who adopt Fraud Defense may unlock up to $500K in financial fraud sub-limits. 👉 At-Bay Managed Detection and Response for Email available for purchase through At-Bay Security offers advanced email security to fight fraud and other email risks, with 24x7 monitoring and response from At-Bay’s Managed Security team. Customers with policies placed by At-Bay* who adopt this advanced protection can unlock up to $1M in financial fraud sub-limits. This is #InsurSec in action. We bring real-world claims data into our security solutions, improving the effectiveness of our solutions compared to those typically offered by the security industry. Traditional email security solutions (like Secure Email Gateways) aren't able to effectively detect fraud — but our solution can, thanks to our understanding of threats based on real-world claims data. Now, even businesses without a large IT team or security budget can stay safer from social engineering and the risk of stolen funds. The result: Better security solutions help to prevent cyber incidents, and in turn, may help unlock better insurance terms. Get more information on At-Bay’s new fraud solutions here: https://lnkd.in/g-5Jkyux *At-Bay Insurance Services LLC. In CA, License #0L73812.