keypoints
August 22

Industry cyber risks (Cyber Insurance)

Healthcare

πŸ“Œ Data Breaches: Healthcare organizations hold large amounts of sensitive data, making them prime targets for data breaches.

πŸ“Œ Ransomware: Cybercriminals target healthcare to cause disruptions and extort money by encrypting patient data and demanding ransom.

Financial Services

πŸ“Œ Data Theft: Financial institutions are targeted for the financial data they handle, which can be used for fraud or sold on the dark web.

πŸ“Œ System Disruption: Attacks aimed at disrupting financial systems can have widespread economic impacts.

Education

πŸ“Œ Data Breaches: Educational institutions hold valuable research data and personal information of students and staff, which can be targeted.

πŸ“Œ Ransomware: Schools and universities are increasingly victims of ransomware attacks, disrupting operations and accessing sensitive data.

Retail

πŸ“Œ Payment Card Fraud: Retailers process large volumes of payment transactions, making them targets for cybercriminals looking to steal credit card information.

πŸ“Œ E-commerce Attacks: Online retail platforms are susceptible to various cyberattacks, including data breaches and denial-of-service attacks.

Public Sector

πŸ“Œ Espionage: Government data is often stolen for espionage purposes.

πŸ“ŒFinancial Gain: Public administration is targeted for financial gain through various cyberattacks.

Manufacturing

πŸ“Œ Intellectual Property Theft: Manufacturing companies are targeted by hackers who want to steal intellectual property such as product designs and blueprints.

πŸ“Œ Operational Disruption: Cyberattacks can cause physical damage to products or machines, leading to operational disruptions.

Automotive

πŸ“Œ Connected Vehicle Attacks: As vehicles become more connected, they are at risk of cyberattacks that could compromise vehicle functionality and safety.

πŸ“Œ Theft of Intellectual Property: Automotive companies may face cyber risks related to the theft of design and manufacturing data.

Agriculture

πŸ“Œ Data Theft: As farming becomes more digital, data related to crop yields, livestock health, and machinery performance can be targeted.

πŸ“Œ Operational Disruption: Cyberattacks on agricultural technology could disrupt farming operations.

Construction

πŸ“Œ Data Breaches: Construction companies often handle sensitive project data, which can be targeted by cybercriminals.

πŸ“Œ Operational Disruption: Cyberattacks on construction technology could disrupt project timelines and cause financial loss.

Entertainment and Media

πŸ“Œ Intellectual Property Theft: Entertainment and media companies often hold valuable intellectual property, which can be targeted by cybercriminals.

πŸ“Œ Data Breaches: These companies often handle personal data of customers, which can be targeted.

Services (Non-Financial)

πŸ“Œ Data Breaches: Service companies often handle personal data of customers, which can be targeted.

πŸ“Œ Financial Fraud: Cybercriminals may target these companies for financial gain, such as through fraudulent transactions