On May 22, 2015, FBI consultant John Iannarelli addressed the security threats facing small busi­nesses. “The cybercriminal is the 21st-century purse snatcher and pickpocket rolled into one,” he said. He then outlined three reasons why small busi­nesses are particularly vulnerable to cyberattacks:Customer data and other information is easier to access.Small businesses have fewer financial and IT resources with which to protect themselves.
PCI compliance won’t stop a data breach.

The threat from overseas hackers, former and current employees, business partners, and even negligence and human error is real for propane marketers, whose tech­nology assets are often more valuable than their property assets. And yet, a recent independent survey reveals chat only 12% of propane marketers have any kind of cyber liability coverage. A remarkable 69% of those surveyed also felt that their company’s exposure to a breach will only increase in the next cwo years.Read More

Frank Thompson

Frank B. Thompson is a chartered property and casualty underwriter based in Phoenix. He is the owner of PT Risk Management, an independent insurance company specializing in writing propane and petroleum risk policies throughout the U.S.