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Authored articles
Inside Job: The 2014 Morgan Stanley Data Breach
While most of us are coming back rested and refreshed for the new year, Morgan Stanley can’t quite say the same as the bank’s 2014 ended with a massive data breach. Just two days after Christmas, information security employees at the bank discovered the data breach. The bank was conducting a standard sweep of known criminal websites
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Year in Review: 2014 Cyber Attacks (What Startups Should Know)
2014 Cyber Attacks Reviewed For the last four years, cyber risk management firm Net Diligence has done a report on cyber insurance claims for the year…and 2014 has been a hell of a year for cyber attacks. This year’s report has been published and has some very interesting findings pertaining to the startup community.
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Meet Priori Legal: Connecting Startups to Trusted Lawyers
We’re all about teaming up with great startups on a mission to help the startup community excel. Priori Legal is one of those awesome companies. This guest post will introduce the company and shed a little light on the kind of advice they’ll be sharing on our blog.
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Intellectual Property Insurance – What Startups Need to Know
Intellectual Property Insurance + Startups Intellectual property is a big topic for the startup community. With modern patent trolls, content syndication, and intellectual property law reform, the topic can be confusing at minimum. Many founders look to insurance to mitigate this risk – and properly so – as there are many insurance products out there
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Startup Risk Tips: Know When Business Insurance Kicks In
Q: When is my company actually covered by our insurance policies?
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3 Risks an On-Demand Services Company Needs to Consider
Update: We’ve released a new whitepaper examining the Sharing Economy industry. We dive into the insurance landscape, legal climate and how to approach risk management for companies in this sector. You can download the report here! Food for thought: on-demand services company risk profile The on-demand services company (think Uber, Makespace, Fly Cleaners…) is taking over the
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2 Sneaky Ways Business Insurance Adds Value for Startups
Subtle Value-adds: Business Insurance It’s easy to think insurance is surplus when the company is just getting off the ground. In the grand scheme of to-dos, insurance should probably fall by the wayside to goals like acquiring users, making money, building a minimum viable product, or finding investors. Many entrepreneurs view purchasing e-commerce insurance as
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Startups that Give us More to be Thankful For (UPDATED)
Last year we did a post on startups out there that are giving people more to be thankful for. Here’s an update on those companies:
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Under the Hood: Creating Your Business Insurance Quote
So you’ve gone through the process of applying for insurance on the Founder Shield site. In the the interest of transparency, here’s how we create your business insurance quote and how your insurance policy becomes a reality: 1. We review your submission internally As soon as you click submit, our team is alerted to review your
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Startup Risk Tips: Admitted / Non-Admitted Insurance Policies
Q: What’s the deal with “admitted” insurance carriers vs “non-admitted” insurance carriers? Insurance quotes are a pain to read. If you’re not in the industry, most of the terms might seem like complete jibberish. One term that comes up is the whether the policy is with an Admitted or Non-Admitted insurance carrier. Here’s the deal:
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5 Important Tools for Hiring Employees for Your Startup
Hiring Employees for Your Startup – 5 major considerations Scaling up a startup through increased hiring is an exhilarating phase in its growth journey. It’s not unusual for venture-backed companies to exponentially expand their workforce year after year. To ensure a smooth hiring process without spiraling out of control, here are key considerations under the
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Updated 2014 Data Breach Notification Costs by State
Data Breach Notification Costs Cyber liability costs are soaring these days for all kinds of businesses (startups included). Most people think of these “costs” as those related directly to the data breach: legal defense fees, settlements with users and 3rd party vendors, and forensic costs. Loss attributed to data breach notification costs can go under the radar.
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Office-Sharing Can Save Startups. Here’s How.
By now we are all acclimated to the sharing economy model. We share our cars, our homes and our dog sitters. Sharing your office may not be the first thing that comes to mind as the next sharing economy service, but it should be, especially if you’re a startup. It might even save your
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The “Dos” &”Don’ts” of Buying Startup Company Insurance
Buying startup company insurance can be a daunting task. The insurance market is fragmented and there is no shortage of products out there. The industry is not exactly tech savvy either, and many brokers still employ tools as archaic as fax machines in their practices. Just finding where to start can be a hassle! Discover
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Insurance for Internet of Things Companies
Insurance for Internet of Things Companies — what you need to know The Internet of Things space is exploding right now and shows no signs of slowing down. In fact, some sources estimate that there will be 200 billion connected devices on the planet by 2020. The current global market size is estimated at $4.9
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How a Data Breach can Destroy Your Startup [Infographic]
Our friends over at egress sent us this really great infographic that shows the current state of cybersecurity and data breach issues surrounding costs, incidence rates, and those most effected. The numbers are based on data collect by the UK-based Department for Business Innovation & Skills, but in an ever-growing global economy, they certainly
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Cyber 101: Data breach Notification Laws and Costs
**This is a guest post by Scott Smedresman of Sorin Rand.**
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The Top 3 Startup D&O Insurance Lawsuits / Claims
D&O Insurance is one of the most important types of insurance for startups. You’ll undoubtedly see it on the term sheet of the vast majority of institutional investors because it’s a big risk exposure for both you (the founder) personally and your investors.
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Startup CEOs & Cyber Security: Track your Tech!
Why startup CEOs should care about cyber security The data breach that Target suffered around Thanksgiving last year has finally worked its way up to the top of the organizational totem pole. A couple of weeks ago, Target’s CEO Gregg Steinhafel lost his job a result of the cyber security shortcomings that cost the company a ton
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Startup Internships: What Founders Need to Know
**This is a guest post by Scott Smedresman of Sorin Rand.**
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Vibram Shoes: how to put your $4M foot in your mouth
“Barefoot” running shoes have trended hard over the last few years. Vibram is the company behind this revolution with their “FiveFingers” shoe product. They touted the shoes as having a full range of benefits including: Strengthen muscles in the feet and lower legs Improve range of motion in the ankles, feet, and toes Stimulate neural function important
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Data’s a Risky Business: 2014 Data Breach Costs are Soaring
Every year (or at least the last 9 years), an independent research organization called the Ponemon Institute does a study on the state of data security and 2014 data breach costs. It’s purpose is to determine the predominant causes of and costs related to data breaches. The Institute takes into account many factors beyond legal-related costs when
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