Email Vulnerability and Threat of Fraud Due to Hacking - Towergate Alerts
In the digital age, cyber threats have become an inevitable part of our lives, and businesses are not immune to these risks. Towergate Insurance, a leading insurance broker, is warning UK businesses about the potential financial consequences of widespread underinsurance due to a lack of understanding about the value of assets, stock, fixtures, and electronics.
Ransomware attacks have been on the rise since the start of 2023, and many Small and Medium Enterprises (SMEs) may not have sufficient cyber insurance to cover the potential damage. The risk of cybercrime impacting a business far outweighs many other risks, as previously mentioned.
To protect your business, Towergate Insurance Brokers urge businesses to check their cyber insurance for adequate cover. Here are some practical steps you can take:
- Enable multifactor authentication, install antivirus software, and, in some cases, create a new email address and update all connected accounts.
- Be vigilant for common warning signs of an email hack. Emails in your sent folder that you did not send, receiving login notifications or failed login alerts you don’t recognize, seeing spam or suspicious emails sent from your account, strange or unauthorized posts on linked social media accounts, emails containing suspicious language or formatting, and phishing messages impersonating trusted brands are all potential indicators of a compromised email.
- If you suspect your email account has been compromised, change the password to a strong, unique one, run a full antivirus/malware scan on all devices you use for email, review your account’s security settings, enable two-factor authentication (2FA), and notify your contacts about the hack.
Websites such as 'Have I been pwned' or 'Norton Breach Detector' can help identify where your information has been leaked. Remember, email addresses are commonly used for various online activities, making them vulnerable to cybercrime.
For more information about cyber insurance, call 0330 029 5626 or visit www.towergate.com/more-products-and-services/cyber-data-and-crime-insurance/cyber-risk-management. Stay safe and secure in the digital world.
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