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Indagard Insurance Services Guide to Cyber Risk and Insurance

A helpful guide to how the Notifiable Data Breach scheme affects your business, the threats of cyber risk and the role insurance plays to keeping your business open for business.

A helpful guide to how the Notifiable Data Breach scheme affects your business, the threats of cyber risk and the role insurance plays to keeping your business open for business.

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INDAGARD INSURANCE SERVICES<br />

Once clicked, malware can be used <strong>to</strong> gain control of your<br />

system, spy on your activities, moni<strong>to</strong>r keystrokes <strong>and</strong><br />

passwords, create vulnerabilities <strong>to</strong> be accessed further or<br />

crash your computer <strong>and</strong> network.<br />

Phishing<br />

Phishing is a cyber attack where the perpetra<strong>to</strong>r pretends<br />

<strong>to</strong> be someone else <strong>to</strong> trick you in<strong>to</strong> providing passwords<br />

or financial details.<br />

They may pretend <strong>to</strong> be a reputable business or<br />

organization, a regular person who is in a rough situation,<br />

or a group that is in charge of giving you some kind of<br />

prize or award.<br />

DDOS<br />

Short for distributed denial of service, DDOS attacks are<br />

used <strong>to</strong> crash computers, servers, or networks.<br />

They work by overloading the system with incoming data<br />

from multiple sources; often the attacker will use a group<br />

of people or bots <strong>to</strong> send repeated information <strong>to</strong> the<br />

system from numerous different connections.<br />

They might enlist the help of people from a website or else<br />

use various different servers <strong>to</strong> hit your system from many<br />

entry points.<br />

A CYBER INSURANCE GUIDE - PAGE 14

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