Cyber Liability

Malware, ransomware, and social engineering attacks pose significant threats.

Could your client’s business be vulnerable to a cyberattack? The AV-Test Institute estimates that 560,000 new malware variants are discovered daily, while Cyber Ventures reports that over one billion malware programs exist, with a ransomware attack occurring every 11 seconds.

The average cost of recovering from a ransomware attack in 2022 was $2.25 million, and the average demand of the ransom alone is around $812,360 for SME clients. Social engineering and phishing attacks are responsible for 70% to 90% of all malicious breaches. According to the FBI, phishing attacks have seen a 400% year-over-year increase.