🔐 Episode Description:

• Unlike traditional business risks (like fire, theft, or personal injury), cyber risks are constantly evolving — often changing weekly or monthly.
• Cybersecurity threats such as phishing and ransomware are rapidly increasing in frequency and complexity.
• Phishing is a form of cybercrime that uses social engineering and technical tricks to steal identities and financial information.
• Attackers often impersonate executives, accountants, or attorneys to trick employees into giving access to login credentials or sensitive systems.
• Once inside, attackers may launch ransomware attacks or lock down your system entirely.
• Phishing attacks nearly doubled from April 2021 to March 2022 — from 200,000 to almost 400,000.
• For the first time ever, over 1 million phishing attacks were recorded in a single quarter.
• While ransomware attacks have declined in some sectors, financial services and phishing incidents remain high.
• Emerging threats vary by industry — social media, e-commerce, webmail, crypto, and logistics are all heavily targeted.
• Ransomware is especially high in manufacturing, making up 25% of attacks.
• Staying updated on current and future cyber risks is essential.
• Cybersecurity strategies must be dynamic — not static — and should evolve alongside new threats.
• Cyber insurance carriers that serve multiple industries can provide valuable insight and updates about the latest trends and attacks.
• Good cyber insurance partners will notify you of vulnerabilities — like new routers being targeted — so you can take preventive action.
• Attackers often use common domain registrars like Namecheap, GoDaddy, and Google to make phishing sites look legitimate.
• Knowing where a domain is registered can help identify possible threats — though it’s not foolproof.
• For best results, consider outsourcing cybersecurity monitoring to a trusted I.T. provider or ensure your internal team is up to date.