Cyber Liability Coverage South Carolina

Cyber Liability Coverage South Carolina – It’s Never Too Early to Consider Cyber Liability Insurance.

Cyber Liability Coverage South Carolina - laptop, mouse, book, and phone tied up in chainsWhen it comes to Cyber Liability Coverage in South Carolina, it’s never too early to look into protecting the financial stability of your company in the event of a cyber-attack.

To request a free quote call Strong Tower Insurance today at 1-800-329-0093 Monday through Friday, 9:00 AM to 12:00 PM and 1:00 PM to 4:30 PM EST, or click one of the locations below to use our free online quote submission form: 

South Carolina Cyber Liability Coverage – The Story Thus Far…

In Crypto X Strikes Again! Part 1 (which you can read by clicking South Carolina Cyber Liability Insurance), the infamous international hacker known only as Crypto X decided to focus his attention on an unsuspecting church in South Carolina.

After a bit of research, he chose to target a very large, non-denominational church organization called New Disciples Ministries on the assumption they would not have robust security or training for their staff.

Our unscrupulous hacker types up an email message made to look like an official message from a fictitious USPS employee and attaches a fraudulent notice of no-delivery. He sends this phishing email to every employee and contact email address he could find associated with New Disciples Ministries.

The church secretary, a lady by the name of Mary, was one of the employees who received the email. She fell for the trap and downloaded the attachment, unleashing Crypto X’s Trojan program into the church’s network.

Cyber Liability Coverage South Carolina – Crypto X Strikes Again! Part 2

The malware quickly spreads to every computer connected to the ministry’s network, effectively giving Crypto X uninhibited access to virtually all of the organization’s data, which includes credit card information, passwords, financial records, personal information about New Disciples Ministries parishioners, and more.

Crypto X gets right to work. He begins by making dozens and dozens of purchases using parishioner and ministry credit cards, being careful to keep the expenditures just below the threshold where they might alert the banks to suspicious activity.

He then begins listing the remaining credit card numbers and other personal info for sale to the highest bidders via black markets on the dark web, being sure to use untraceable currencies like Bitcoin to cover his digital tracks.

Because he knows it will almost certainly alert the ministry to the breach, the devious hacker saves the big heist for last.

Before anyone has had time to even notice what’s been happening, Crypto X wires an enormous amount of church money to a foreign account where he is then able to convert the money to bitcoins.

He accomplishes all of this in a matter of days. It isn’t until the ministry’s finance manager, a guy by the name of Tom, is notified of the wire transfer to an offshore account that anyone even realizes something is amiss.

What will happen to New Disciples Ministries in the wake of this massive cyber-attack? Find out in Crypto X Strikes Again! Part 3.

South Carolina Cyber Liability Coverage – Don’t Let This Happen to Your Business!

Don’t let your business be the victim of a cyber-attack without any recourse for maintaining your finances and reputation. Call us today at 1-800-329-0093 or click below to request a free quote for Cyber Liability Coverage in South Carolina:

Tags: , , , , , , , ,

Specialized Coverage For:

Religious Institutions

Insurance for Churches and Religious Institutions

Strong Tower Insurance proudly offers solutions for Florida Church Insurance and Insurance for Religious Institutions. Call 800-329-0093 or click for more details.

Find Out More  ►
Mission Trip Coverage

Insurance Coverage for Mission Trips

Taking part in a mission trip is a generous and noble act. You are reaching out to people in need with the intention of improving a stranger’s life. Learn how mission trip insurance policies can protect you. Visit our page to learn more.

Find Out More  ►
Charter & Private Schools

Insurance for Charter and Private Schools

Taking a one-size-fits-all approach is not necessarily a good idea when it comes to considering all possible areas where Private Schools may be vulnerable to litigation or claims. Click here to see how we can help.

Find Out More  ►
Pregnancy Centers

Insurance for Pregnancy Centers

As a pregnancy center, it is your job to help women receive the care and guidance they need in order to have a healthy birth plan. Learn why your pregnancy center must have the appropriate insurance coverage to protect your organiazation

Find Out More  ►
Nonprofit Organizations

Insurance for Nonprofit Organizations

Nonprofit organizations help our communities prosper and it is vital to obtain the appropriate insurance protection. Learn more by clicking our link.

Find Out More  ►
Daycare Centers

Insurance for Daycare Centers

Not all Day Care insurance policies are created equal. Call to speak with one of our licensed agents and we can design a plan around your needs.

Find Out More  ►

Coverage We Offer: