“Smaller organizations, including those with less than $1 million in annual revenue, accounted for over 80% of losses.”
– 2016 SURVEY OF CYBER INSURANCE MARKET TRENDS
“… But we don’t store any important data even if we were to get hacked.”
Hackers are equally interested in targets for the data they possess and the access they provide to other targets.
An employee inadvertently…
transmitted a virus to customers and suppliers. The company was sued for failing to contain the virus – losses totaled more than $3,000,000.
An email that appeared to be from…
a long-standing vendor relationship directed a company to update banking information for their account. The company payed over $300,000 to the fraudster – no funds were recovered.
A hacker gained access to…
the email account of an employee of a small accounting firm. The hacker used the email address to compromise several of the firms client organizations – the firm was sued to the point of bankruptcy by their affected clients.