We tend to fancy our passwords as undecipherable, but the data clearly shows otherwise: 60% of the breaches analyzed in Verizon’s 2021 Data Breach Investigation Report leveraged weak or stolen passwords. Cybercriminals aren’t just guessing our passwords; they’re making well-informed guesses. They can use several methods and tools to hack passwords, such as programs that record keystrokes, social engineering (e.g., phishing), and password dictionary databases with lists of the most commonly used password phrases.
HAI Group Blog
Insurance, Risk Management, and Professional Development Tips for the Affordable Housing Industry.
Andrew Ragali is a senior marketing specialist at HAI Group. His core focus is the development of compelling and informative content to help HAI Group's clients navigate insurance and risk management in the affordable housing industry. Send Andrew your ideas, questions, and thoughts: firstname.lastname@example.org
Insurance isn’t optional for multifamily affordable housing organizations (or anyone, for that matter). To that end, part of our mission at HAI Group is to make the process of securing and using coverage in times of need as reasonable and straightforward as possible for our customers.
HAI Group President and CEO Ed Malaspina recently sat down with iHeartRadio's Renee Dinino to discuss the organization's community initiatives and career opportunities.
So long as a housing organization has employees, it is likely to face some type of employment practice liability exposure. Fortunately, there are ways an organization can mitigate this type of loss. The first step is understanding the types of claims that can arise if your organization doesn't abide by the applicable state and federal employment laws.
It’s common to assume your general liability insurance policy covers cyber liability. The reality is that these policies are separate but equally important in today’s landscape. General liability coverage protects housing organizations from a wide range of exposures, including injuries and property damage, but isn’t designed to handle the nuance of cyber risk.
There’s a spine-chilling uptick in cyberattacks—the FBI received a record number of cyber-related complaints last year, with reported losses of over $4.1 billion. A housing organization might not seem like the most lucrative target for a hacker (compared to a billion-dollar private sector business), but criminals are opportunists.
As more public housing agencies dip into the private market—at a time when settlement values and jury awards are rising due to social inflation—it's never been more critical for affordable housing providers to build a cushion into their liability coverage.
Despite a housing organization’s best efforts to boost cybersecurity, not all incidents can be prevented. To prepare for and respond to these breakthrough attacks, organizations should develop a cyber incident response plan outlining steps to minimize losses, fix weaknesses, and restore services.
Frozen pipes are a silent threat to affordable housing properties across the country, often occurring in the out-of-sight and hard-to-reach pockets of a property.
No matter how many precautions your housing organization takes, accidents and incidents are bound to happen. You may feel helpless to an extent, but that couldn’t be further from the truth.