Landing On Your Feet In The Face Of A Ransomware Attack

Free Wi-Fi. A few years ago, seeing this written on the sign inside your favourite local coffee shop evoked some sort of excitement. Surfing the web without the burden of costs? Wow! 

Today, connectivity is much more accessible, with things like LTE data and basically every public building now handing out Wi-Fi to a degree where we can’t help but take it for granted.

While the burdens of time limits or costs-per-minute internet surfing is becoming a thing of the past, there is one, much larger burden that has always come along with surfing the internet, and this burden bears a much heavier weight, because you can’t even see it coming:

Ransomware. 

Ransomware is a sophisticated cyber attack done through malicious software. It targets open vulnerabilities within networks, shutting them down and demanding funds in order for systems to be allowed to run properly again.

Through unprotected, public Wi-Fi networks, Cyber criminals can access your device. Once they’ve gained access, all of your sensitive information (including, but not limited to: credit card information, name, address, etc.) can be compromised, as well as other associated networks, like that of your workplace or organization. Once a hacker has this control, they will contact the victim of the attack, requesting some form of payment in exchange for a decryption key to return the victim’s information and release the network.

A cyber liability coverage plan offers protection in the event of unforeseen cyber attacks. It’s a proactive approach to keeping you protected, avoiding repercussions of stolen funds or identity for you, as an individual, or for your organization. 

To learn more about these attacks, watch our full explainer video here.

If you’d like to learn more about cyber liability coverage for your business, contact one of our insurance professionals today.

    Contact

    Use this form to contact us, or to begin the quoting process.

    We value your privacy. The information will only be used
    to follow upon your request. That’s a promise!

    613-824-0441
    1-800-566-6314

    I would like a quote to insure my:
    Privacy Policy Disclosure © Palladium Insurance 2022 Website Design & Development by Xactly Design & Advertising

    COVID-19 Important Update:

    Palladium is serious about the health and safety of its employees, and clients. Accordingly, we have been instructed to limit non-essential, in-person meetings. While our offices remain open, we ask that you please make an appointment before arriving. Many of our employees have chosen to work remotely, and by making an appointment you ensure that your broker will be available (and present) to meet with you. Please note that all public health guidelines must be followed including without limitation, the wearing of face masks, social distancing, and completion of our COVID screening questionnaire.