Cyber crime is now a major risk

Recently a US man was sentenced to 21 months in prison for his role in a cybercrime scheme that hacked accounts at banks, brokerage firms and government agencies.

According to prosecutors in the US he was a member of an international cybercrime ring based in the Ukraine.

“Unfortunately hacking, malware and cyber crime are on the increase,” according to Guardian’s managing director Evan Jackson. “Whilst criminals are sometimes being caught, the cost of recreating records, employing analysts and clearing systems is a significant drain on business. That’s why cyber insurance is so important.”

Guardian recommends that clients have a cyber security plan that includes regular backups, virus checks and simple actions like changing passwords and encrypting data.

 

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