Page 10 - 3rdQTBusinessNL
P. 10
denial of service a acks, which are o en accompanied by a malicious party overloading company websites with requests.
A er gaining access to a network, cybercriminals can also delete cri cal ies or add malicious so ware that causes systems to
malfunc on or fail. Business interrup ons wreak havoc on day-to- day opera ons and lead to missed business opportuni es, disgruntled customers, and addi onal nancial losses.
5. Cyber extortion coverage
Clever cyber criminals are ge ng crea ve in how they mone ze
a data breach. Earlier this year, the Hollywood Presbyterian Medical Center paid $17,000 in ransom to regain control of their internal servers that had been taken hostage.
This wasn’t the rst or last me we’ve seen control of a hospital’s servers taken over by hackers in 2016. Extor on
coverage also helps cover the costs associated with the inves ga on of threats to commit cybera acks and for payments to extor onists who threaten to obtain and disclose sensi ve informa on. Make sure the company is covered in the event of this typically unexpected scenario.
In the end, the success of a company’s ght against cyber crime is ul mately de ned by its prepara on. Encryp on of mobile devices
