cybersecurity insurance policy

Have You Applied For a Cybersecurity Insurance Policy?

Transfer Business Risk

Cybersecurity risk is a frequent subject in today’s headlines and media.  Being proactive about reducing cyber risk is important. Why? The statistics show:

  1. Symantec 2016 Internet Security Threat Report: 43% of cyber attacks target small businesses (up from only 18% in 2011).
  2.  US National Cybersecurity Alliance: 60% of small companies are unable to sustain their businesses over six months after a cyber attack.

Business owners are increasingly turning to a cybersecurity insurance policy to transfer some of that business risk.  These two actions go hand-in-hand.

Anyone who has filled out the underwriting questionnaire for a cybersecurity insurance policy can tell you that the questions are technical in nature.  From a technical expert’s standpoint, the questions asked are the “tip of the iceberg” when it comes to reducing cyber risk.

Cybersecurity Insurance Policy

If you are considering getting a cyber insurance policy, be aware that these policies vary greatly in their coverage, and none of them take away risk entirely.  In contrast to a property/casualty insurance policy, simply filing a claim to replace lost or damaged property is not possible when a cyber attack occurs.  Reputation damage and lost revenue caused by a cyber attack cannot be protected solely with a cyber insurance policy.

Business Action Plan – Cybersecurity Assessment

Why not be proactive about overall cyber risk?  Performing Chortek’s Cybersecurity Assessment on an annual basis not only helps a business answer “yes” to more cyber protection measures on an insurance application (which may result in lower insurance costs), but it provides the basis of an ongoing action plan to reduce cyber risk every year for your business.  Chortek clients who have our help in assessing and planning actions to reduce cyber risk are able to demonstrate to insurers, customers, vendors and employees that cybersecurity is important, and they are taking action to continuously reduce cyber risk.

Contact Michael Senkbeil at 262-522-8248 or for more information.

malware outbreak

Malware Outbreak – Risky Business

This weekend’s major malware outbreak is a good reminder that cybersecurity risk is a business risk, and all businesses should be regularly reviewing their cybersecurity preparedness.

Malware Outbreak – Makes You WannaCry

On Friday, a virus called “Wannacry”, which is in the category of ransomware, was released onto the Internet. It had far-reaching effects on businesses and healthcare providers primarily in Europe and Asia. Ransomware is a category of virus which encrypts files on your computer, effectively taking them hostage until you either restore them from backup or pay a ransom and hope to get the files unencrypted again. This virus spreads itself first by a user clicking a malicious link in an email, and then from computer to computer via a flaw in Microsoft Windows. Microsoft released a patch for this flaw in March of this year. Having this patch in place is important, but will not prevent a user from clicking on a malicious link and infecting/encrypting their computer and network files. Here is a useful graphical depiction from the Wall Street Journal about how this virus works:
Read More >


Don’t Pay the Ransom – Prepare In Advance, Instead


Ransomware is a type of malware that can be covertly installed on a computer without the intention or even the knowledge of the user. These viruses encrypt and hold data hostage until a ransom is paid to hackers.  The malware restricts access to the infected computer system in some way, and demands that the user pay a ransom to the malware operators to remove the restriction.

Backup and Disaster Recovery

Chortek’s backup and disaster recovery services are a key tool that reduces business risk.  This fact is reinforced by a recent publication from the FBI regarding “ransomware”. The FBI warns that having a good backup is the only way to recover from a ransomware attack, short of paying the hackers the ransom.  The FBI does not recommend that.

Contact Mike SenkbeilChortek’s IT Support Center team at 262-522-8226 if you would like a free check of your data backup solution.

sage software products

Sage Software’s Road-map Unveils Product Line

90 Minds Consulting Group has a Meeting of the Minds

The 6th annual Meeting of the Minds conference was held on February 23-25, 2017.  Sue Wolf, a 90 Minds member, attended the event.  During the event, attendees had an opportunity to learn more about Sage software products, product plans and future strategy as well as participate in question and answer sessions after each presentation. Read More >

network login security

Who Is Logging Into Your Computer? Avoid The Pitfalls


It sounds like a simple concept as we have logged into computers at work for years. Why discuss it? The old combination of username and password is simply not sufficient any longer to safely secure the ultimate place where business data is accessed: the Windows desktop or laptop PC.

The pitfalls are numerous: Read More >

reduce inbox clutter

One-Two Punch to Tame Your Inbox

Email hasn’t gone away yet. Despite predictions of social media and other communication apps taking the place of email, it remains a primary tool for business communications. Often, its effectiveness is hugely decreased by junk that doesn’t need immediate attention. I recommend two ways of making your email work better: reduce inbox clutter and make sure you are interrupted only for important emails. Read More >

business travel mileage rates

Business Travel Mileage Rates Lowered – 2017

ACCOUNTING TODAY NEWS – The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.


Beginning Jan. 1, standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 53.5 cents per mile for business miles driven, down from 54 cents for 2016
  • 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016
  • 14 cents per mile driven in service of charitable organizations

The business mileage rate decreased half a cent per mile and the medical and moving expense rates each dropped  2 cents per mile from 2016. The charitable rate is set by statute and remains unchanged.

“Factors contributing to the decision on this year’s slight decrease in the Safe Harbor reimbursement rate include declining fuel prices, which were largely offset by rising vehicle insurance and maintenance costs,” said Donna Koppensteiner, senior vice president of business development at Runzheimer, a business vehicle, relocation information and expense management services provider that provided data research and analytics to the IRS.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

The IRS reiterated that taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost recovery System (MACRS), or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.

These and other requirements are in Rev. Proc. 201051. Notice 201679 contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.

Questions? Contact Pat Wirth, Tax Partner

leaders of the IT profession ITA collaborative 2016

Chortek Among Leaders of the IT Profession


Chortek was among leaders of the IT profession throughout the US and Canada at the ITA (Information Technology Alliance) Fall Collaborative. Mike Senkbeil, Partner and leader of Chortek’s IT Team, and Steve Krueger, Principal and head of Chortek’s Business Technology Consulting Team,  attended the ITA Collaborative. Most noteworthy, the ITA event, held at the M Resort in Las Vegas in early December, was also co-located with the Digital CPA Conference.


Chortek has been ITA members for six years.  Chortek’s membership with the ITA allows for the opportunity to network with our peers from other CPA firms and leaders of the IT profession, other software reselling practices, and focus on best practices. Furthermore, added networking with leading providers of products and services trending in the industry,  improve our ability to serve our clients.

managing international travel smartphone costs

Managing International Travel Smartphone Costs

When traveling internationally, there are two major issues to plan for regarding smartphone usage: cybersecurity best practices and management of usage costs. In a prior article, I discussed the cybersecurity concerns involved in smartphone usage during international travel. In this article, I’ll be focusing on the latter, the subject of international roaming costs, and I’ll share my experiences from recent international travel. Read More >