SVB And Signature Bank Closures Could Lead To Cyber Attacks
by Andy Shafer
Cyber crime started as theft of confidential information to sell to others, what is known as a data breach. The confidential information that the cyber thieves are after is social security numbers, date of birth, account numbers, passwords, etc. Since then it has evolved into theft of money. They attack via ransomware, the taking over of your computer system and demanding a ransom, or social engineering, tricking you into paying them.
As you can see, cyber thieves are always doing their best to trick you in some way in order to steal something. With Silicon Valley Bank and Signature Bank shuttering, we are likely to see a rise in cyber attacks. You need to be extra careful with any banking official or financial advisor contact that you receive, or with anyone attempting to scare or threaten you in a financial manner, especially by clicking an outbound link.
We found this article to be very helpful. Please give it a read, be more diligent in being safe, and give us a call if you would like to learn more about how we can help you with Cyber Insurance.