Did you know a Colorado supplier recently went out of business due to a ransomware attack?
In 2019, it is projected that ransomware damage costs will rise to $11.5 billion and businesses will fall victim to a ransomware attacks every 14 seconds. — Cyber Security Ventures
What happened to Colorado Timberline?
What is data locker Ransomware?
Data locker ransomware malware is deployed and tasked to access computers in order to extract data that could be valuable to the victim. Once the data is gathered, the malware messages the victim announcing the data is being held hostage. Soon after, the cybercriminal provides instructions to pay the ransom (usually paid in cryptocurrency).
How Can I Make Sure My Client is Covered?
Ensure that your client has a cyber policy in place that includes first party crime coverage. If you are looking to ensure that your client has quality coverage in place in the event of a ransomware attack, please contact Patrick Costello (contact info above) or click the quote/appointment buttons below.