Did You Know?
Distributed Denial of Service (DDoS) Attacks Can Cause Massive Losses in Profits..
What causes a Distributed Denial of Service (DDoS) attack claim?
The intent of a DDoS attack is to bring a website or web-based services down by bombarding the company with so much traffic that their services and infrastructure are unable to handle it all. Once knocked offline, businesses immediately feel the effects of lost profit through business interruption. Depending on the window of downtime and size of the business, this attack can quickly cause hundreds of thousands to millions of dollars in losses.
Distributed Denial of Service attack on DreamHost
DreamHost, a Los Angeles based web hosting provider, was targeted by hackers after headlines emerged about a politically charged situation with the DOJ. To voice their displeasure with the company, they ordered a DDoS attack on their website, which ultimately knocked DreamHost offline for hours, limiting their customers from accessing their own websites. Claims of this nature can cost the Insured hundreds of thousands to millions of dollars depending on the severity of the attack. (link to article)
How is a DDoS attack covered in a cyber policy?
Evolve’s cyber policy includes coverage for liability associated with a denial of service attack and business interruption that results from a system outage.
How do I protect my client before an attack?
All of Evolve’s policyholders receive free access to $5,000 – $10,000 worth of pre-breach, risk management services. These services include access to: annual phishing software, security vulnerability reports, 3rd party forensic advice, a dark web burglar alarm, and incident response training preparation.
For quotes, please contact [email protected].