| Ransomware is a cyber attack caused by malware on a system that encrypts, blocks, or erases data from a network. To give back access to data, ransomers require payment (often in Bitcoin) in exchange for the decryption key.
| Breach Notification Expenses can include mailings, websites, credit monitoring and more and are often mandated by each state where you have customers.
Social Engineering is a cyber crime where an employee is tricked into paying money to a fraudulent account, often by spoofed email addresses- it will look valid but will be a fake.
| If your computer system, or a software service you rely on, have a cyber attack or otherwise are inoperable, your business can suffer. A good cyber policy will cover both first and third party Business Interruption.
| 63% of companies say their data was potentially compromised in the last twelve months.
| 60% of SMB (small to medium sized businesses) would go out of business if they had a breach and no or inadequate cyber insurance.
| 14 Seconds - the rate at which businesses are hit with a Ransomware attack.
| $17,700 - lost every minute due to phishing attacks..