Cyber and Data Breach Insurance Cybercrime Evolves! Are you prepared with the correct insurance?
Cybercrime continues to be a vexing problem for businesses. Criminals are using a variety of techniques to commit cybercrime. Some of these techniques are sophisticated, while some are very basic in nature. They are used to penetrate networks and steal money. They generally cause confusion in the workplace. In particular, losses from social engineering continue to mount.
Social engineering is an attack on a person or an organization involving manipulation or deception via a trusted method of communication to steal data, money or goods. Currently, the most common attack vector is via email. Criminals can hack trusted, authentic email addresses and use them to deceive their victims. Sometimes, they don’t need to hack at all. They simply make up a mock fake email to look like an authentic one.