Only on March, 15 at 12:00 PM


FREE WEBINAR: 


DON'T GET HACKED LIKE COMCAST, 

LOVELACE HEALTHCARE & EVEN  

THE office of superintendent  

of INSURANCE!  


FIND OUT HOW TO PROTECT 

YOURSELF FROM CYBER  

THREATS with secure systems 

& cyber insurance!  


Sponsored By: Automated Systems, Inc. & Bender Insurance Agency

Register

FREE WEBINAR: 

DON'T GET HACKED LIKE COMCAST, LOVELACE HEALTHCARE & EVEN THE OFFICE OF SUPERINTENDENT OF INSURANCE! 


FIND OUT HOW TO PROTECT YOURSELF FROM CYBER THREATS WITH SECURE SYSTEMS & CYBER INSURANCE! 

Only on March 15th at 12:00 PM
Register
Length: 60 minutes
Free attendance

Target audience

Business owners 

who recognize the importance of securing office & hybrid environments

Top managers

who have to adapt to the reality of working securely

IT executives

who feel the need to understand what kind of IT management is required today

Cybercrime by the Numbers

One of the main drivers of the cyber insurance market growth is the rise in the number and severity of cybercrimes. Here are some of the most noteworthy statistics we’ve gathered about cybercrime:

Ransomware is common (and often lucrative). In 2020, 1 in 6 businesses that fell victim to cyberattacks faced ransomware, and about half of them paid up the ransom.

Cybercrime reports nearly doubled. The FBI’s Internet Crime Complaint Center (IC3) saw a 69 percent increase in the number of cybercrime reports it received in 2020 compared to 2019. On average, the FBI received 2,000 cybercrime reports per day in 2020.

Data breaches affect personal data. In 2020 alone, data breaches exposed over 37 billion personal records, 82 percent of which came from only five breaches. Data breaches affect not only companies and organizations, but also the people whose information is in the exposed records.

Identity fraud causes serious losses. Identity fraud losses in 2020 cost its 49 million victims $56 billion in total. That breaks down to $1,100 per victim.
Cyber attacks are the most common: For those that are slightly to somewhat familiar with cyber insurance, 70 percent have experienced a cyber attack, followed by identity theft at 69 percent, cyberbullying at 64 percent, and cyber extortion at 69 percent.
Register now

NancyCarpenter

Cyber Security Expert,24 Years Experience

Shea Bender

Insurance Expert

Causes of Data Breaches

Hacking: Hackings allowed unauthorized entities to access and steal data by defeating businesses’ cybersecurity measures.
Errors: The specific nature of the errors varied, including weak employee passwords and system failures that allowed access to unauthorized third parties.
Social attacks: Social attacks included phishing scams as well as the more advanced spear-phishing scams that target one individual, business, or organization in particular.
Malware: Actors of breaches used malware to install backdoor access to company data.
Misuse by authorized users: Some breaches resulted from insiders with authorized access deliberately abusing their companies’ systems for financial or personal gain.
Physical actors: Physical actors who stole devices that held sensitive data also caused a significant number of breaches.
12
Days
01
Hours
52
Minutes
52
Seconds

Register now

to attend free webinar

when

march, 15 2024

time

12:00 PM

Register now
12
Days
01
Hours
52
Minutes
52
Seconds

Register now

to attend free webinar

when

March 15, 2024

time

12 PM MST

Register now

Speakers

Nancy Carpenter      

Cyber Security Expert, 24 Years   

Shea Bender

Insurance Expert      

How to protect from Cyber Threats?

secure systems & Cyber Insurance

How much IS the cyber insurance market worth?

In 2020, the cyber insurance market was worth $7.8 billion, according to Statista. However, market experts predict that it will grow into a $20 billion market by 2025. Corporate cyber insurance dominates the market currently, with around 75 percent of the market share. The remaining 25 percent falls under personal cyber insurance.

Do Individuals Need Cyber Insurance?

Yes, individuals need cyber insurance. Personal cyber insurance reimburses financial loss due to cyberattacks such as identity fraud. Considering that identity fraud alone costs its victims $1,100 on average, according to a study by Javelin Strategy & Research, it’s prudent to get cyber insurance for yourself to cover such losses.

Do small businesses need cyber insurance?

Yes, small businesses need cyber insurance just as much as large corporations do. According to a report from Verizon, 28 percent of breaches target small businesses. While that’s a small percentage compared to the 72 percent of breaches that target large businesses, the financial aftermath of cyberattacks tends to hurt small businesses more. A study from Experian showed that 60 percent of small businesses that experienced breaches went out of business in just six months because of direct financial losses.

Does cyber insurance help in restoration?

Yes, cyber insurance helps in the restoration of personal and company data in the case of breaches. Personal cyber insurance works like identity theft protection services in that it helps policyholders recover their lost identities to prevent future fraud. Business cyber insurance is much more comprehensive in that it also covers legal fees and assists in processes such as notifying customers of breaches.

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Contacts

support@automatedsystemsinc.net
505-281-2393
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