Floods, wildfires and other natural disasters continue to be in the news. However, a growing concern for many businesses is the increase in Cybercrime. We continue to see more claims, especially to small and medium sized businesses. Below are some of the more popular cyber crimes you need to protect against.

 

Ransomware/Cyber Extortion
Hackers put a virus in your computer system to block your access until money is paid.

 

Social Engineering
Deceptive emails that appear to come from within your organization instructing your employee to send money. The emails are sent to appear to come from an owner or person in charge of funds.

 

Computer Fraud and Funds Transfer Fraud
Fraudulent access to your computer system to gain access to your bank information. Fraudulent instructions to your bank to move money out of your account.

 

Deceptive Emails
Fake invoices via emails that appear to come from a known vendor. Fake emails that appear to come from an employee requesting changes to payroll information.  

 

Employee Dishonesty
We have had several claims the last few years where employees have manipulated computers systems to steal money and pay personal bills through their employer.

 

These coverages are not expensive to add, so it would be smart to include them in your insurance program. Contact us today for more information or costs.