Ransomware attacks are second only to phishing as a substantial source of cyber claims. (Photo: Shutterstock)
Next to the words, "You owe the IRS $XXX" or "You've been served," no phrase creates more fear today than, "You've been hacked."
Earlier this fall, enterprise security firm Proofpoint said that during the first six months of 2019, they had detected over 15 million attempts by unauthorized users who tried to access the cloud computing networks of Fortune 500 companies. The bad news is that 400,000 of those attempts were successful.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
