What is Cyber Security Insurance - Social Engineering, Ransomware, & Cybercrime Coverages (part 3 of 3)
Posted: August 24, 2021
Ransomware attacks accounted for over 4o% of all filed cyber insurance claims in the first half of 2020, according to a report by Coalition. Over 43% of cyberattacks are geared toward small businesses and a 1-person company. In today’s economy, cyber threats and losses are a matter of “when,” not “if.” Most of the attacks are phishing emails and ransomware. Hackers are trying to get you...
Is Data Breach a Cyber Crime?
Posted: January 18, 2021
Cybersecurity needs to be at the forefront as we ‘enjoy’ internet or utilize technology for our benefit...yet only 20% of small businesses even stop to consider their cyber posture and cyber insurance to manage and mitigate the ‘internet’ risks! No wonder hackers are prone to target small businesses. Data breach IS a cyber crime! When our property has been broken into, we rely on...
Ransomware and Cyber Attacks Grow with Enhanced Technology
Posted: November 2, 2020
Ransomware and Cyber Attacks Grow with Enhanced TechnologyJust last week, a New York healthcare system was in jeopardy. Ryuk Ransomware successfully disconnected its IT system within hours of the initial attack! How come this was not detected? A new form of ransom was not identified by the antivirus software providers and security agencies. With protocol in place, the hospital restored the IT operations and rebooted their system - the same day as...
Dangers of Cyber Attack ~ Small Businesses, Beware!
Posted: October 14, 2020
Dangers of Cyber Attack ~ Small Businesses, Beware!I am a small business - I don’t need cybersecurity insurance - I am not visible - These thoughts are what is getting small businesses in trouble and oftentimes out of business! 43% of cyber attacks happen to small businesses and 60% of those businesses shut down due to financial burden. Ransomware accounted for 41% of all cyber insurance claims in H1 2020 Cyber insurance...