According to a 2018 study, 2 out of 10 employees will unwittingly compromise his or her workstation or expose their entire company’s network to hackers.
According to a 2018 study, 2 out of 10 employees will unwittingly compromise his or her workstation or expose their entire company’s network to hackers.
Social Engineering is a form of cyberattack when a hacker uses technology to con people into believing that they are disclosing passwords, granting access to computers or providing financial information to someone within their company. Many businesses mistakenly believe that their cyber insurance will cover this loss, but because their employee willingly authorizes entry, it is not covered under cyber policy’s designed to protect against outside hacking. To get insurance coverage for this very common form of cyberattack, the policy must specifically address losses from social engineering attacks. Understanding how easy it is to fall prey to this form of computer fraud is important when discussing this coverage with your insurance advisor.