b'Insurance Notes Cyber Risks A Simon Says article By Simon FennC yber risk is one of the fast- systems security would be anWhat is a Cyber Attack? toSony allvulnerabletocy- of a cyber attack. Below is a sum-est growing risk categoriesimportant first step in settingAccording to dictionary.com,Ashley Madison mary of the Zurich infographic, globally,anditaffectsev- upriskmanagementarounda cyber attack is an attemptWearehighlightingsomecommon eryone.Itisincreasinglyimpor- this growing concern. Many ofdamage,disruptorgainunau- berattacks,especiallywiththesources youll likely recognize.tantthatyouconsiderthisriskthese risks are excluded by tra- thorizedaccesstoacomputer,growthofremoteworksince areanowweareallatriskofditional insurance, but afford- computersystemorelectronicCOVID-19 began in 2020.Sources of Risk:cyber attacks, both personally andable cyber insurance coveragecommunications network. Human errorprofessionally.Attheveryleast,is available to most businesses,What About Your RoofingPhishing emailsemploying a data security consult- and it would be prudent forPopular Cyber Attacks Business or Your HoldingRemote scanning of networkingfirmtoanalyzeyourdata/anyone to purchase it. Inthenewsandacrossso- Companies? Remote employeescialmedia,youhaveprobablyPut simply, you are exposed.Downloadsnoticed a wide variety of cyberIt goes with the turf today Weak / repeated passwordsattacksinvolvingmillionsofitdoesntseemtomatterwhatMalicious (ex-) employeesdollars. All you need is a quickindustry you work in, as almostInfected USB deviceGoogle search to find hundredseveryone now works with the in- Connecting to open Wi-Fioflinkstosuchstories.Thereternet in some way. It is increas-have been thousands of attacksingly important that you expandTargets at Risk: not only have banks, entertain- yourenterpriseriskmanage- Supply chainment companies, law firms andment to ensure you are protect- Financial informationevengovernmentinstitutionsed against cyber attacks. In theExternal communicationsbeen affected, but also individu- roofing industry, your companyPower supplyals,whereprivateinformationis often in the middle of a vastCustomer informationhas been accessed. The press paysamount of electronic communi- Ransomattention to sensation, so its fo- cation, and you depend heavilyAutomated processescus is primarily on major entitiesontheuseofmobiledevices.Employee recordsthat are affected. Here are someYourexposuretocyberattacksExtortionofthemorerecognizableandmay not be immediately evident,Intellectual propertysizeable hacks:but once you consider all yourUnencrypted dataYahoo electronic transactions and what JPMorgan Chase accompanies those transactions,Consequences of a Cyber Steam I believe you will realize the riskAttack:eBay is not small.AOL ZurichInsuranceGroupre- Not limited to lost dataHome Depot cently posted a risk infographicHalted manufacturing orThe U.S. military that outlined the sources of risk,faulty goods outputTarget targets at risk and consequencesFailed transactions16ONTARIO ROOFING NEWSISSUE 4 2021/22 THE ONLY SOURCE FOR PROFESSIONAL ICI ROOFING CONTRACTORS IN ONTARIO ORN'