☰ ˟
Alliance circular logo listing Alliance services : Insurance, Payroll, Benefits, HR 
Home Page Email
  • Home
  • Business Insurance
    • Business Insurance Solutions
    • Workers Compensation
    • General Liability
    • Bonds
    • Cyber Liability
    • Professional Liability
    • Group Health
    • Payroll and HR
    • Trade Credit Insurance
    • Key Person
    • 401k
    • Safety Programs
  • Personal Insurance
    • Personal Insurance
    • Home/Auto/Life
    • Automobile
    • Homeowners
    • Valuables Insurance
    • Life
    • Motorcycle
    • Off-Road Vehicles Insurance
    • Renters
  • Industry Solutions
    • All Industries We Serve
    • Commercial Real Estate
    • Construction
    • ContractorsImage of right arrow
      • Window Cleaning Insurance
      • Fire Protection Insurance
      • Janitorial Services
      • Landscaping & Lawn Care
      • Alarm Installation Insurance
      • Tree Service & Arborists
    • Crane, Rigging, & Crane Operators
    • Manufacturing
    • Oil & Gas
    • Restaurant & Bars
    • Hotel Insurance
    • Gym and Fitness Center Insurance
    • Medical Malpractice Insurance
    • Trucking
  • Our Team
    • About Us
    • Location(s)
    • Associate Agencies
    • Testimonials
  • Blog
  • Contact Us
Business
Insurance
Home/Auto
/Life
Health &
Benefits
Payroll
& HR
Home > Blog > Cybersecurity: How Hackers Hack
WEDNESDAY, NOVEMBER 20, 2019

Cybersecurity: How Hackers Hack

hacker sitting in front of computerUnfortunately, there is no straight path when it comes to cybersecurity. The market currently offers a variety of technology tools to assist data owners in protecting their information. The best strategy for protecting your system is to learn from organizations that have fallen victim to security breaches.

 

How Big is the Threat?

Within the last two years, we’ve seen some large companies fall victim to cyber-attacks. For example, a security breach in Equifax affected more than 147 million customers due to drive-by downloads. With drive-by downloads, a user visits an infected webpage, and malicious code is download without the user even knowing. 

This type of attack usually exploits an outdated operating system, app, or browser. Consequently, Equifax became a victim because of their web server. Intruders were allowed to gain access through a portal server, acquire login credentials, and affect 51 additional servers. Sadly, consumer’s data was extracted for 76 days.

In 2016, AdultFriendFinder also fell victim to a cyber-attack that compromised over 400 million user accounts. The culprit was a Russian hacking group that exploited vulnerabilities within the company’s web server. In addition, Yahoo fell victim to Russian hackers in 2013, compromising more than three billion users. Ultimately, the FBI conducted a two-year investigation into the incident.

 

Are Cyber Threats Increasing?

New cyber-attacks are happening every day to different organizations regardless of size or industry. The 2018 Verizon Data Breach Report categorizes cyber threats into nine groups, with web applications being the most vulnerable. For profitable gains, hackers rely on malware. The data breach investigation reports over 90% of all malware is delivered via email.

According to a service announcement issued by the Federal Bureau of Investigations, domestic and international exposed dollar losses exceed 5 billion. Similarly, USA Today reports phishing attacks have increased by 297% from 2017. It’s clear that the financial gain is quite profitable, and that’s the primary reason attacks are growing.

Not to mention, there's a substantial increase in ransomware, for attacks have spiked within the last few years. Payments to hackers to unlock files increase to $2 billion in 2017. This constituted a 50% increase from 2016. The average payment is about $1000, and fees are typically requested in bitcoin.

 

What You Can Do to Protect Your Business

With so many lucrative and successful cyber-attacks, there is a high possibility your organization could end up being a victim. Therefore, it's essential to strengthen your defense strategy and implement a response plan. Cybercriminals are becoming more innovative an increasingly aggressive as they discover ways to disrupt and profit from your data. Beef up your internal processes with good password security, hire an IT firm to manage your cloud network, and don't let employees run wild on any sites they choose. Even having a monthly program to increase safety online can save you a HUGE headache later on.

 

Protect yourself today with some great cyber insurance, and don’t allow yourself to become a victim. 

 


Posted 2:46 AM

Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • business insurance(116)
  • personal insurance(73)
  • small business(34)
  • homeowners(29)
  • car and auto(27)
  • health and benefits(25)
  • cyber(22)
  • construction(20)
  • saving money(18)
  • contractors(18)
  • claims(18)
  • health insurance(17)
  • workers compensation(13)
  • bar and restaurant(11)
  • life insurance(11)
  • general liability(8)
  • cost containment(8)
  • oil and gas(8)
  • payroll and hr(7)
  • human resources(7)
  • agency news(7)
  • roofing(5)
  • auto insurance(5)
  • bonds(4)
  • personal lines(3)
  • cannabis(3)
  • hail(3)
  • commercial auto(3)
  • recognition(3)
  • become an agent(3)
  • commercial insurance(3)
  • payroll(3)
  • weather(2)
  • trucking(2)
  • job(2)
  • hail insurance(2)
  • homeowners insurance(2)
  • commercial auto insurance(2)
  • comercial auto(1)
  • restaurants(1)
  • professional liability(1)
  • hail damage(1)
  • property(1)
  • covid-19(1)
  • business(1)
  • inland marine(1)
  • broker of record(1)
  • colorado(1)
  • trade credit insurance(1)
  • record hail(1)

View Mobile Version
  • Carrier
  • auto-owners insurance logo
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Connect With Us:
Social Social Social Social
Agency
Alliance Insurance Group
7910 Ralston Rd., Ste 7
Arvada, CO 80002

Phone: (303) 279-9700
Business Insurance
Home/Auto/Life
Health & Benefits
Payroll & HR
Home
About Us
Privacy Policy
Contact Us
Powered by Insurance Website Builder
Alliance Insurance Group Rated 4.8 / 5 based on 5 reviews. | Review Us