Happy Wednesday! In this week's Big I Buzz, we are discussing insurers using drones, small businesses being a big target for fund transfer fraud and a top reason behind the Great Resignation.

Insurers Taking Flight with Drones

A new whitepaper from Adorama's Business Solutions Team titled "Insurance & Drones: What to Know to Capitalize on New Technology", focuses on the use of drones in the insurance industry. According to Insurance Business Mag, "The various insurance industry-targeted applications for drone technology are outlined in the whitepaper, ranging from roof and boiler inspections, post-disaster claim inspections, pre-disaster mapping, to the integration with Artificial Intelligence." As severe weather events continue to increase, drone technology could be a great opportunity for insurers. Claim adjusters can have better access to storm-affected areas and can stay out of the path of a storm's aftermath with drones. The whitepaper expects drone technology to be used more frequently by insurers in the years ahead. Read more about the opportunities here. 

Half of Employees Quit Their Job for Their Mental Health in 2021

The U.S. Bureau of Labor Statistics has found that more than 47 million American workers quit their jobs during 2021, a.k.a. The Great Resignation. Human Resources Director wrote that a portion of the Great Resignation could have been avoided by companies taking steps to alleviate stress and burnout. "According to non-profit organization Mind Share Partners, 84% of employees reported at least one workplace factor that negatively impacted their mental health. Furthermore, 50% of employees claimed to leave their jobs for their mental health in 2021." The article continues to share results from a Lyra Health survey which found that 60% of employee benefit leaders said employee expectations around mental health support rose over the past year with 92% said that providing mental health support became a higher priority for their company over the past year. Read more here. 

Small Businesses Are Big Targets for Fund Transfer Fraud

Small businesses were heavily targeted for fund transfer fraud cyberattacks in 2021. Larger companies are usually targeted for their data, but because small businesses don't have as much data to obtain and less digital infrastructures, it leaves less leverage for cybercriminals to do a ransomware negotiation. Instead, they target small businesses for fund transfer fraud.

Fund transfer fraud is done by cybercriminals who access a business email through phishing and business email compromise. From there, cybercriminals can manipulate contracts or modify payment instructions. They also send payment instructions to look as if its coming from customers or vendors. Read more here. 

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