Cyber Insurance Markets Will Continue to Be Difficult Through 2022

With increased cyber claims, ransomware attacks, and rate hikes — the cyber hard market could be the "new normal". Cyber insurance will continue to evolve as the risks change. Ransomeware attacks will be more aggressive with new distribution techniqu...

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Industries with the Highest Cyber Insurance Premiums

Industries that operate on transactional information, such as sales receipts, packing slips, and purchase confirmations, are more vulnerable to hackers looking for access to private data. Usually, these industries pay higher premiums for cyber insura...

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Criminals Using SMS Messages to Beat Multifactor Authentication

For several years, cyber criminals have used text message scams called “smishing” to steal personal information. Now, SMS messages are being used to infiltrate peer-to-peer (P2P) payment service used by many financial institutions. According to Krebb...

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Split Closings New Target of Wire Fraud

Cyber criminals continue to adapt their schemes and are now targeting split closings. Diverting seller proceeds and mortgage payoffs appear to be happening with more frequency in markets such as Michigan and Wisconsin where split closings are commonp...

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4 Things to Know About Phishing

Phishing attacks spiked as employers across the U.S. shifted to a remote work environment during the pandemic. These kinds of cyber risks cause hundreds of millions of dollars in losses each year. Phishing plays a part in a wide range of cyber attack...

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