What is Cyber Security Insurance - Social Engineering, Ransomware, & Cybercrime Coverages (part 3 of 3)
Posted: August 24, 2021
What is Cyber Security Insurance - Social Engineering, Ransomware, & Cybercrime Coverages (part 3 of 3)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...
Spotlight on CYBER INSURANCE ~ a critical digital coverage!
Posted: June 28, 2021
Spotlight on CYBER INSURANCE ~ a critical digital coverage!Every business is exposed to ransomware, cyber extortion and data breach. Phishing, Wire Transfer Fraud, ransomware, data breach are common cyber attacks and cyber crime. Since 2000, it’s been accelerated growth of technology. Malware and other small attacks have been a part of our digital platform soon after Internet started in the late 1960s. We all are highly aware and even get insurance protection for our...
How to Recognize a Business Email Compromise Attack
Posted: April 9, 2021
How to Recognize a Business Email Compromise AttackDo you know how to recognize and protect your employees and yourself from a wire fraud and business email compromise attack? Hackers have found a way to steal from businesses without hacking or infiltrating your operations or network system. Hackers can simply utilize email as a tool to convince employees to voluntarily transfer money with deception techniques. Hacker uses an email address made to look...
Ransomware And Social Engineering: The Most Common Types of Cyber Attacks!
Posted: April 1, 2021
Ransomware And Social Engineering: The Most Common Types of Cyber Attacks!90% of cyber claims are ransomware & social engineering! On average, businesses experience 21 days of downtime following a ransomware and the cost of recovery has more than doubled since last year. Ransomware and social engineering attacks are increasing and are damaging to any company. What's worse is that these cyber attacks are becoming easier to execute - especially when geared toward SMBs!...
Who Offers Cyber Insurance for Technology Risks? Cyber Market Explained!
Posted: February 10, 2021
We can't function or run our daily business operations without technology. But have you wondered how cyber insurance came into existence? It is only fair to KNOW how cyber policy and coverages became a part of business insurance as a way to mitigate financial risk when it comes to technology perils. Now keep in mind - traditional commercial insurance industry has been around for over...