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How the Now-Inherent Risk of Cyber Attack Can Decrease the Value of Your Business

Posted by Jane Johnson on Thu, Jul, 28, 2016 @ 11:05 AM

It seems like every other week, we’re hearing about an individual or business being subjected to some kind of cyber-attack. Ransomware, in particular, seems to be a larger threat now.  If hackers find their way into your computer system through an “open door” or vulnerability, your computers will be “locked” so you cannot use any of your applications and/or your files will be encrypted across your entire network (including your backup server), rendering them useless. Basically, all of your computers and/or your network is “kidnapped” and you need to pay a ransom to get it back. You receive a message that tells you how to make the payment – usually by bitcoin – and then everything, theoretically, will be unlocked and returned to normal.

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Topics: business value, risk management, cyberattack, cyber insurance, ransomware, cyber attacck business value