You may have heard about the recent Petya and WannaCry ransomware attacks that each struck more than 200,000 computers in over 150 countries. Ransomware is the latest trend in a wave of cybercrime that is sweeping the globe – and firms of all sizes are vulnerable.
- Ransomware is malicious software that blocks data owners from accessing their own systems
- Once criminals have control of your computers they demand payment, often in bitcoins, to return access
- Ransomware attacks increased 400% from 2015 to 2016, and are projected to double in 2017*
One of our commitments to our AICPA Professional Liability Insurance policyholders is to keep your coverage contemporary with our ever-changing world. With ransomware attacks on the rise, we’ve added Extortion Coverage to our CPA NetProtectSM endorsement.
Learn how to protect your firm from losses resulting from a potential cyber-attack. Call 800.221.3023 to speak with a trusted AICPA Member Insurance Programs advisor today.
*“Ransomware Attacks Soar in 2016, Projected to Double Again in 2017,” Beazley Breach Insights, January 2017