Get instant
small business insurance quotes


Home > Professional Liability/Errors & Omissions Insurance > News
 

Phishing attacks pick up during the holiday season

Published:

New findings by Phishtank, a community website where users can share information about phishing attacks, indicated cybercriminals were feasting on those who travel and spend more during the holiday season..

PayPal, Visa, Mastercard, Santander and other financial organizations were found to be the most spoofed brands during the holiday season, meaning cybercrooks sent out phishing emails disguised as correspondence from these companies. The criminals were able to take advantage of the 7 percent increase in credit card spending during the holidays. Another growing target of cybercrime has been TAM, a fast-growing Latin American airline, according to the report. Because targets are more likely to click on links embedded in phishing emails when a prior online relationship exists between the target and the spoofed company, rapidly growing enterprises that rely heavily on digital communication are especially vulnerable.

With the increased amount of cybercrime, companies could benefit from a cyberliability business insurance policy, which fights back against phishing attacks and provides a business protection from losses related to these types of crimes.

According to the Chicago Tribune, common sense safeguards against phishing include not responding to an email with a Social Security number and not opening email attachments from strangers.

Other methods to guard against phishing attacks include doing an online security scan, disconnecting a computer from the internet and backing up important files, said the paper.

WHY Business Insurance Now?

Learn why thousands of small businesses trust Business Insurance Now as their insurance agency.

Take 15 minutes to see how we can help you protect your business.

  • FREE, no-obligation quotes.
  • Complete one online application to compare multiple quotes.
  • Fast response—typically less than 24 hours on week days.
  • We are a nationwide insurance agency covering 48 states.
  • We work directly with you to evaluate your insurance options.
  • We only work with the top business insurance carriers in the country.
  • Expert, licensed insurance agents to guide you through the process.