Businesses face a variety of risks in the 21st century. But for many, no threat is more pressing that the risk of a cyber-attack. A recent industry report has announced that the world's top business risks are cyber related. The dangers of cyber-attacks, data theft and cyber fraud are expected to be a concern for [...]
Your firm may not do as much business volume as the corporate giants, but you can still face big risks from cyber crime. A new hacker group dubbed Maze has made waves in the business community with a string of nearly 30 ransomware attacks in the last few months. The cyber crime ring targets small [...]
A new law enforcement report reveals rising cyber attack costs again in 2019. The FBI's 2019 Internet Crime Report documents internet-facilitated criminal activity reported to the government's Internet Crime Complaint Center (IC3). More than 467,000 complaints were submitted in 2019, with business losses estimated at $1.7 billion. Both complaints and costs have risen significantly over the [...]
The nature of cyber attacks continues to evolve, often in ways that put your business at even greater risks of damage. Ransomware attacks are nothing new in cybersecurity, but now one group of hackers known as Maze is publicizing the names and document contents of ransomware victims. Learn how the Maze cyber attack is impacting [...]
Businesses know how to defend against ordinary criminals. Door locks, safes, security cameras and more. Yet defending against cyber criminals is just as important given the risk to today's businesses. Cyber criminals commit crimes online by targeting computer networks and devices. While ordinary crime levels may be relatively low, the cyber crime risk is rising [...]
As one of the latest cyber dangers facing the business world, a crypto-jacking risks and cyber attack can interrupt business, cause reputational damage and may even lead to data loss, legal claims or regulatory fines. Technology companies are at a greater risk, but any company with a website is vulnerable. Here's what to know about [...]
The right expertise can make all the difference in a cyber security breach, which is why we assembled the CyberLock Defense HDI Panel to provide a full range of cyber specialist resources for policy holders. Cyber-related claims are increasing. Cyber attack losses to businesses almost doubled between 2017 and 2018, from $1.4 billion to $2.7 [...]
Cybersecurity is an area today's organizations can't afford to ignore. According to cybersecurity experts, system access, customer data, business credentials and communications are all vulnerable. Plus, an attack can damage trust and harm your business. Explore these real cyber attack claims CyberLock Defense has covered: Cyber Attack Claim #1—Ransomware attack A mid-sized hospital network was [...]
The cost of a cyber attack now averages more than $1 million and the threat is increasing, so it's more important than ever to get the coverage you need. While you may think all cyber liability insurance coverage is similar, it is important to know what questions to ask so you can find the [...]
Implement our cyber risk protection checklist to protect your business. As you may know, cyber attacks can pose a significant risk to your business, especially if you aren't prepared. According to Radware's latest Global Application and Network Security Report, the average cost of a cyber-attack is over $1 million. Cyber crime comes in many [...]