Baby Monitors & Steel Mills: The New World of Cybersecurity Risk

Risk Management Magazine

PUBLISHED ON: February 6, 2017

Download PDF

No doubt, policyholders have been the regular targets of cyberthieves for the better part of a decade and will continue to be. Whether the thief is after cargo, health information or a wire transfer, thieves continue their imaginative and often effective ploys to profit. Perils such as the loss of money through ransomware, hacked payment card data, or misdirected funds through social engineering schemes remain a huge problem.

But increasingly we are seeing a new breed of cybercriminal that appears to lack a clear profit motive, and instead is focused on causing business interruption, economic mayhem, political instability and outright carnage.