by Kelli Young | Nov 15, 2021 | Cyber Liability Insurance
Business email compromise (BEC) losses are among the most expensive types of social engineering losses, and they are on the rise—increasing 58% from 2015 to 2019, according to Advisen loss data. The median cost of a BEC loss is $764,000—significantly more expensive...
by Kelli Young | Nov 8, 2021 | Case Study, Cyber Liability Insurance
In the final months of 2014, Sony Pictures Entertainment (SPE)—a well-known entertainment company responsible for producing and distributing a myriad of famous movies—experienced a large-scale cyber incident. A foreign hacking group infiltrated SPE’s network via...
by Kelli Young | Oct 25, 2021 | Cyber Liability Insurance
One of the nation’s largest pipelines was forced to shut down in early May 2021 after falling victim to a ransomware attack. The 5,500-mile pipeline is operated by Colonial Pipeline and carries refined gasoline and jet fuel from Texas to New York. This pipeline...
by Kelli Young | Oct 18, 2021 | Case Study, Cyber Liability Insurance
In the final month of 2020, it was revealed that foreign hackers had orchestrated a supply chain cyberattack throughout the past year in an effort to compromise several federal agencies and private organizations. The cybercriminals first infiltrated the digital...
by Kelli Young | Oct 11, 2021 | Case Study, Cyber Liability Insurance
In the final months of 2018, Marriott International—a hospitality company that oversees one of the biggest hotel chains in the world—discovered that cybercriminals had compromised its guest reservation system. This Marriott data breach exposed the personal information...
by Kelli Young | Sep 27, 2021 | Case Study, Cyber Liability Insurance
In late 2014, Anthem—a well-known health insurance company that provides coverage to more than 100 million Americans—suffered a large-scale data breach. Foreign cyber-criminals leveraged malicious email tactics to access Anthem’s computer systems and subsequently...
