Ritman Insurance Insights

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Global Cyber Attack

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The latest cyber attack called WannaCry affected over 300,000 machines in 150 countries last week. Over 9,000 computers were infected per hour when the attack peaked Friday May 12th. Countries hit hardest by this cyber attack are Russia, Ukraine, India, and Taiwan.  The ransomware used a Windows file sharing vulnerability. Essentially, the virus locks up a PC and demands a $300 ransom from the owner to unlock it. By Monday, the demand doubled to $600.  ...

Cyber Crime in the form of Ransom Attacks

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RITMAN Agent Adam Gwaltney focuses on legal professional liability, title agent errors & omissions liability and cyber liability insurance. Read his latest blog below regarding Cyber Crime.   Cyber crime in the form of ransom attacks continues to rise...no matter who you are or what your company does. Falling into a ransom attack is like walking into a minefield, it is totally indiscriminate. These attacks can cripple your business at a minimum. Recent industry reports ind...

DATA BREACH - Be Aware

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Data records compromised over time: 2008 60,000,000 Hackers figured out ways around security 2009 144,000,000 Drop due to added security 2010 4,000,000 Further added security 2011 174,000,000 Hackers figured out ways around security 2012 44,000,000 IT catching more hackers before breach but only matter of time before hackers will have figured ...