Months back, through a shell-shocking revelation, we came to know that there was a massive GoDaddy hack that continued for more than three years! The impact was disastrous as it came to light that almost 1.2 million customers’ WordPress instances were made vulnerable, as hackers gained access to email addresses, usernames, passwords, and in some cases, even their websites’ SSL private keys.įor your information, the November 2022 data indicates that in almost 43% cases of all cyberattacks, small businesses and start-ups were made to fall prey. But it wasn t enough to force businesses to embrace a life jacket in the form of cyber insurance. Last year itself, Azov ransomware and new Android malware Schoolyard Bully Trojan, shook the entire tech world. This was something which forced them to pay, later on.Īlong with strengthening the respective cybersecurity systems, businesses must opt for cybersecurity insurance. With the pandemic hitting hard, some of the businesses not only conducted layoffs, but also reduced their cybersecurity budget to a great extent. It claimed that more than 90% of the global businesses were not prepared for the next-gen cyberattacks. Cybersecurity giant, Kaspersky Labs came out with a report which was enough to raise the alarm bells. It was marred by one of the worst crypto hacks in recent times, the Deribit hot-wallet hack, which wiped out $28M investor wealth in the process.īut the cloud was looming large and we didn’t pay heed. Just to remind you, we had quite an eventful year in 2022, in terms of cybersecurity concerns and cyberattacks.
Let’s delve deeper with the story to find out why we need cyber insurance and how it comes into play in case of cyberattacks. We can’t help but address it properly, as businesses around the world can’t afford to risk, with so much at stake. Now, there’s no way to bypass it anymore. If we have a close look at the history of cyberattacks, we will be able to locate that over the last few years, it has grown manifold. In the second quarter of 2023, cybersecurity has become a growing concern, globally, as cases spike like nothing.
Today, all across the globe, incidents of data breaches, phishing, ransomware attacks, hacking, malware attacks and data theft, are rising by leaps and bounds. In the wake of the surging phenomenon of cyberattacks, the call for cybersecurity insurance only gets louder. Cyber Insurance has definitely become the need of the hour.
0 kommentar(er)
