It’s 12:00. Do you know who is downloading your documents?
It’s 12:00. Do you know who is downloading your documents?
According to a report from The Wall Street Journal, an unscheduled event arrived for Nortel Networks more than 10 years ago. In 2010, hackers with China-based internet addresses stole passwords from seven key company executives. Using these passwords, the hackers accessed company reports, business plans, employee e-mails and other confidential documents.
When the breach was discovered four years later, the passwords were changed. However, no additional actions were taken to prevent the hackers from accessing the company’s computer network.
The hackers’ presence was detected by an employee who detected unusual downloads had been made in the name of one of the seven executives. Otherwise, the breach may have gone undetected to this day.
Because cyber security breaches have become common news items, most companies recognize the importance of cyber security vigilance. And yet, according to a survey administered by Advisen Ltd, 60% of organizations do not purchase cyber liability insurance as part of their data, information and privacy risk management strategy.
This is the awful truth – A cyber security breach can compromise personal information, resulting in legal exposure and financial liability. Because no amount of preparation can fully protect your firm from a security breach, you can only eliminate the financial implications of a loss by choosing to have a cyber security insurance policy before one minute from normal strikes.
What’s on your computer network someone else would want?
KMRD reduces the overall cost of risk for clients by producing a greater value for each insurance dollar spent, while utilizing an enterprise risk management approach to engineer the optimal solution. The firm’s diagnostic process is supported by its unique collaborative technology, KMRD XCHANGE ®
We are dedicated to anticipating risk and helping firms recover from unplanned events that wait on the other side of one minute from normal
To learn more about cyber security insurance, contact us at contactus@kmrdpartners.com before one minute from normal strikes your company.
