The
Polley Report
April 2022 August
Ransomware Largest Driver of Cyber Claims In the Last Five Years
Experts Fear Global Impact From Russia’s Cyberattacks on Ukraine Russia launched a full-scale military assault on Ukraine in the early morning hours of Feb. 24, 2002, accompanied by a series of targeted cyberattacks that experts and officials say could ultimately have a much broader impact.
Ransomware represented the number one cause of loss in a study of almost 6,000 cyber insurance claims, with the average ransom rising to $247,000 and the average incident cost up to $352,000 in 2020. NetDiligence’s 11th annual cyber claims study evaluated 5,797 claims Read More …
In the weeks leading up to the invasion Read More…
Cyber Security For Small Businesses High-profile cyber attacks on companies such as Target and Sears have raised awareness of the growing threat of cybercrime. Recent surveys conducted by the Small Business Authority, Symantec, Kaspersky Lab and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense of cyber security. Read More… 12150 TRIBUTARY POINT DRIVE, SUITE 200, GOLD RIVER, CA 95670 CONTACT US TODAY AT POLLEY INSURANCE AND RISK MANAGEMENT
Inside this issue… Introduction to Cyber Risk Experts Fear Global Impact – from Russia’s Cyberattacks on Ukraine Ransomware Largest Drive of Cyber Claims – In the Last Five Years Cyber Security – For Small Businesses! Personal Cyber Coverage – Explained! Paul’s Corner – Cybercrime and Benefits
Paul’s Corner Paul Dillon Benefits President
Cybercrime & Benefits According to recent estimates from the University of Maryland, there is a cyberattack every 39 seconds. Data breaches and cyberattacks are daily headlines – and employee benefits plans are no exception to that threat. In fact, employee benefit plans are even more vulnerable as the coronavirus pandemic continues. Read More …
Personal Cyber Coverage Explained … Today’s society has grown increasingly digital in nature, with many individuals leveraging smart devices within their daily lives. Although this technology can offer various benefits, it can also make individuals more susceptible to cybercrime. Read More …
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