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Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.

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“Small business owners in particular should not feel that they are immune to attacks due to their small size, because cyberattacks can happen to businesses of all sizes,” says Parth Shukla, group manager of Intuit, Inc.’s QuickBooks Insurance. (Credit: maxsattana/stock.adobe.com) “Small business owners, in particular, should not feel that they are immune to attacks due to their small size because cyberattacks can happen to businesses of all sizes,” says Parth Shukla, group manager of Intuit, Inc.’s QuickBooks Insurance. (Credit: maxsattana/stock.adobe.com)

While a cyberattack might not be top of mind for owners of the local pizza shop, florist or auto mechanic, they should be as cybercriminals have embraced a shotgun approach to choosing victims.

“They (cybercriminals) are buying big dumps of user IDs, emails and passwords,” explains Bob Wice, head of underwriting management, cyber & tech at Beazley. From there, digital crooks simply blast out massive campaigns in hopes of contacting a rube.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected], and on LinkedIn and Twitter.  

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