How Does Cyber Risk Impact My Business? By Jeff Gullickson, President, Western Growers Insurance Services
Most of our members tend to think about cyber liability in the traditional sense of “personal information of my customers and employees.” Because they don’t sell directly to the consumer, or have a limited number of employees, they don’t see any exposure.
Cyber risk has evolved well beyond this narrow definition of privacy liability. Some of the more common classifications are the following: • Social Engineering – this entails
exposure, we’ll help your team determine which cyber risks can be transferred to an insurance carrier and which are
better managed by your team. Cyber insurance is currently in a very dynamic state, and the policy you bought two years ago may no longer be the best option. There are new enhancements and exclusions, and our goal is to make your team understands how those impact your business. Not all cyber policies are created equal. As we do with every aspect of our Product Recall Program, we walk you through risk management process. This includes understanding your
There are new enhancements and exclusions, and our goal is to make your team understands how those impact your business. Not all cyber policies are created equal.
fraudulent financial funds transfer exposures, where someone from the outside convinces an employee of yours to transfer money to what appears to be an authorized account, but it’s not. • Ransomware – where a hacker gains access and infects your system, quite often without being detected and demanding payment to reverse the effects. • Network Business Interruption – where outside hackers shut your system(s) down and demand payment to let you start up again.
security protocols, your system testing results and matching you up to the correct crisis management experts. It is crucial that this is completed ahead of any cyber event you may have—not during or after. We know first-hand that several our members have experienced cyber events in the past year, which have financially impacted their business. We are here to help you manage this and all areas of risk. For more information, contact me at jgullickson@wgis.com or 949-885-2351.
Access to your system can be gained directly, or commonly through a vendor’s system, who may not have taken the system security steps you have. With the recent popularity of remote work, the access points have multiplied. Cyber Risk Management Western Growers Insurance Services has created a solution to help you manage this risk. As with the other areas of
Inside Western Growers WG’s Federal Team advocated for and secured
WG’s Trade Practices Department assisted in securing roughly $22,000 in PACA reparation actions for 2 WG regular members, Steinbeck Country Produce and Dole Fresh Vegetables. Interested in giving your sales team a refresher or training course on everything PACA? Contact Bryan Nickerson at (949) 885.2392. • • •
improvements to the original Coronavirus Food Assistance Program to better meet the needs of member operations, such as expanding the range of eligible commodities and streamlining the application process. WG was also able to expand eligibility by changing a USDA rule that limited the types of farm owners who can receive funds. • • • WG joined dozens of industry organizations in supporting the Center for Produce Safety’s fundraising campaign to expand produce safety research. With a goal to raise $15 million over the next 5 years, WG committed to donating $1 million to move the needle on fresh produce food safety research. • • •
WG has been active in pushing for essential worker priority when vaccines are allocated. WG has signed on to several coalition letters advocating that after frontline healthcare personnel, critical workers in food and ag be included in the next phase of vaccinations.
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Western Grower & Shipper | www.wga.com
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