The number of people's personal logins and passwords for sale on the Dark Web (the encrypted part of the internet that enables illegal activities to thrive) continues to grow each day.
According to the research firm Security In Depth, the reported incidents of cyber-attacks and data breaches have increased by more than 700 per cent since February last year, costing the nation $7.8 billion¹.
Data breaches are often caused by malicious software, or 'malware', installed by criminals to capture sensitive information.
One common type of malware used in data breaches is able to collect payment card data from point-of-sale systems. Another targets businesses, invading their computer systems and literally putting their operations to ransom.
If criminals have even the smallest of personal information, they can 'hack' your business' computer systems and hold it to virtual ransom. It can also put your business on hold indefinitely.
A batch of 1,000 Gmail accounts can be 'bought' for as little as $200 on the Dark Web. Credit card details available on the Dark Web are also prolific and particularly profitable when paired with a bank ID number, date of birth and other identifying information.
The risk of a business' passwords being discovered and sold on the Dark Web is a very real possibility. Consider implementing the following to help keep your business safe from hackers.
Contact Resilium and speak to one of our Advisers today about arranging Cyber Insurance cover for your business.
For more information about Cyber Insurance, click here.
The information provided in this article is of a general nature only and has been prepared without considering your individual objectives, financial situation or needs. If you require advice that is tailored to your specific business or individual circumstances, please contact Resilium directly.
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