Cyber Threats
Common Cyber Threats
Types of attacks covered by cyber insurance.
Ransomware
Most CommonAttackers encrypt your data and demand payment. Average ransom: $170,000. Total costs often 10x ransom.
Business Email Compromise
Very CommonAttackers impersonate executives to authorize fraudulent transfers. Average loss: $125,000.
Data Breach
CommonUnauthorized access to sensitive data. Triggers notification requirements and potential lawsuits.
Phishing
Very CommonFraudulent emails trick employees into revealing credentials. Entry point for most attacks.
Social Engineering
CommonManipulation tactics to gain access or transfer funds. Includes vishing (phone) and smishing (SMS).
DDoS
Less CommonDistributed denial of service overwhelms systems. Causes business interruption.
Prevention Reduces Premiums
MFA, EDR, employee training, regular backups, and patch management can reduce premiums 10-25%.