Instant Insights / October is National Cybersecurity Awareness Month

Insurance companies are expecting cyber-related losses across all business lines over the next 12 months.


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Cybercrime is an ongoing plague that is having a huge impact on medium and small businesses. (iStock) Cybercrime is an ongoing plague that is having a huge impact on medium and small businesses. (iStock)

Many people might be under the impression that the days of the “Nigerian Prince” email scam have long since passed. This hoax, which was designed to cheat gullible individuals out of money via mass email, became so well known that the term itself has long become part of the vernacular. It’s the information age’s ‘selling the Brooklyn Bridge’ story. While the theme has gone through many variations over the years, the ‘Advance Fee Scam,’ as it is called, is alive and well in 2019 with no signs of going away anytime soon.

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