Chubb Insurance states that ransomware attacks are up 1,234% since 2016.
Ransomeware: The cyber crooks lock your computer/cyber data until you pay the overseas cyber crooks. Payment is often required in difficult to trace cryptocurrency (e.g., Bitcoin).
FBI uses education as a defense since the cyber crooks are almost always operating overseas in countries that do not cooperate with USA law enforcement.
Learn all you can about cybercrime.
Discuss your cybercrime vulnerabilities, defenses, education, policies, processes, and cyber insurance coverage with your tech team and your insurers.
Some states are passing laws and regulations that enable people to sue organizations that suffer computer data hacking breaches.
Posted by: Byron King on 2/20/20 (This information is only accurate as of 2/20/20. You must contact SCR for updates and changes to this information after 2/20/20 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)