Ritman Insurance Insights
Posted
May 16 2017

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.
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Posted
Apr 7 2017

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...
Posted
Feb 20 2014

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 ...