Came across an article of a small business with 8 computers getting extorted out of $150,000 from a Ransomware attack. The threat actors penetrated their systems through a phishing email.
It is right in line with a recent video that I posted providing tips to protect your business against Ransomware. You are never 100% safe, but precautions can be exercised to reduce the risk:
4 Ways To Get Extorted By Ransomware (The $84,000 Mistake):
https://www.linkedin.com/posts/nnamdiosuagwu_rdp-mitre-ransomware-activity-6690581184478617600-MPTW
Questions:
What are your thoughts on Cybersecurity Insurance?
Do you have a process in place to monitor phishing emails?
Insurance is a step, but it knowingly will not cover every issue. Employees (and former employees) can also be a big problem in this area. A substantial audit and a strategic plan for system management (and proactive security) are also important.
Cyber-security insurance is an interesting arena, our IT consulting services company has recently been working with various brokers helping their clients get onboard. I definitely get the sense that the insurance industry is still feeling their way around on this one, but that's actually to the benefit of the buyer! So, yeah, it's actually a good deal right now.