HAI Group Blog

Insurance, Risk Management, and Professional Development Tips for the Affordable Housing Industry.

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Cybersecurity

Protecting Public Trust: Why Public Housing Agencies Need Cyber Insurance Coverage

In an increasingly digitized world, where data breaches and cyber threats have become pervasive, the need for robust cybersecurity measures extends to all sectors. Public housing agencies (PHAs), entrusted with sensitive information and critical operations, are no exception. Yet, despite the growing threat landscape, many PHAs may overlook the importance of cybersecurity coverage.

Unlike traditional property and general liability insurance policies, which lack the specificity to address cyber risks and often explicitly exclude coverage for such incidents, cybersecurity coverage offers tailored protection against the evolving threats public housing agencies face. This article explores the imperative for public housing agencies to prioritize cybersecurity coverage as a fundamental component of their risk management strategy, safeguarding their operations and residents and their hard-earned reputation in the community.

This article delves into why cybersecurity coverage is essential for public housing agencies to safeguard their operations, residents, and reputation.

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IT employee at desk reading code

Elevate Your Public Housing Agency's Cybersecurity Defenses (at No Cost) With MS-ISAC

Enhancing your public housing organization's cybersecurity posture remains paramount as we move into 2024, particularly in light of the ever-increasing stakes involved.

In the wake of a significant surge in ransomware attacks across the United States in 2021, 2022 appeared to offer a respite with a notable decrease in reported incidents. However, any hopes of a sustained lull were dashed in 2023 as ransomware activity skyrocketed, reaching unprecedented levels.

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The Resurgence of Ransomware and What it Means for Housing Organizations

In the wake of a significant surge in ransomware attacks across the United States in 2021, 2022 appeared to offer a respite with a notable decrease in reported incidents. However, any hopes of a sustained lull were dashed in 2023 as ransomware activity skyrocketed, reaching unprecedented levels.

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Embrace Cybersecurity Awareness Month: Engaging Strategies for Public and Affordable Housing Organizations

Public and affordable housing organizations play a crucial role in our communities by delivering essential services to vulnerable populations. Therefore, safeguarding sensitive data and ensuring the integrity of your operations is not just a responsibility—it’s a necessity. Participating in Cybersecurity Awareness Month, observed annually in October, is an effective way to foster a robust cybersecurity culture within your organization.

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Emerging Risks in Housing: Navigating Technological Advancements, Societal Shifts, and Environmental Concerns

The landscape of public and affordable housing organizations is evolving rapidly, shaped by technological advancements, societal shifts, and environmental concerns. While these changes bring about opportunities for progress, they also usher in a host of emerging risks that demand careful consideration and proactive mitigation.

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Ed Malaspina of HAI Group is interviewed by Lori Chordas of AM Best

Innovations and Challenges in Insurance: HAI Group CEO's Views on AI, Weather, and Workforce

HAI Group President and CEO Ed Malaspina recently sat down with Lori Chordas from AM Best for an AM Best TV segment on maintaining a skilled workforce in today's work environment, the effects of artificial intelligence on the insurance industry, emerging cybersecurity threats, and the impact severe weather has on insurance carriers.

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