Under Siege: Why Businesses Are Facing Unprecedented Cyber Attacks
Download MP3Overview: This episode dives into the growing risks of Artificial Intelligence in fraud against businesses, with a focus on hidden risks in insurance coverages for business owners.
Scam Warnings:
- Be cautious of scam texts and emails.
- Stay updated on emerging scam techniques and best practices for cybersecurity.
Deepfake Fraud Stats:
- 52% of business owners reported being deceived by deepfake images or videos in the past year.
- 90% of business owners surveyed want additional support to protect against attacks.
Cyber Claim Costs:
- Average cyber claims for businesses range from $18,000 to $20,000.
- Many business owners underestimate this cost, often thinking claims will be $5,000 or less.
Recovery Time Reality:
- 20% of businesses believe they could recover from a cyberattack in under a month.
- In reality, recovery often takes twice as long, with many businesses unable to fully recover and eventually closing.
Insurance Coverage Gaps:
- Almost two-thirds of business owners mistakenly believe non-cyber insurance policies would cover cyber losses.
- Cyber losses are typically excluded from standard business policies, highlighting the need for specific cyber insurance.
Cyber Policy Benefits:
- A dedicated cyber insurance policy not only provides coverage but also includes monitoring and response support for businesses.
- Ensures businesses are prepared to handle evolving cyber threats without solely relying on internal tech teams.
Expert Consultation:
- For personalized support, visit ActualHuman.com to access live, one-on-one consultations with experts:
- Licensed private investigators, commercial insurance brokers, real estate title examiners, certified civil court mediators, and general contractors.
