Instant Insights / Identity theft & protecting personal data

There are no shortage of opportunities for hackers and other fraudsters to gain access to personal and financial information throughout the year, but the holidays seem to magnify them because of the increases in shopping, entertaining and travel.

Analysis

'You've been hacked...'

Email fraud is driving cyber claims. Here’s how to help insureds prevent loss.

By Monique Ferraro | September 11, 2019 at 12:00 AM

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Online theft, fraud and exploitation were responsible for $2.7 billion in financial losses in 2018, according to the FBI’s 2018 Internet Crime Complaint Center’s (IC3) 2018 Internet Crime Report.

The most costly complaints involved business email compromise, a tool used by bad actors to facilitate many types of cybercrime, from misdirected payment and inventory fraud to cyber extortion.

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