Hauser Insurance has a 25-plus year history of helping clients protect against risks, and risks have changed during that time. One of the most significant changes is the rise of cybercrime. To help clients address this increasingly common risk, Hauser Insurance has adapted and acquired a new analytics tool.
Long History of Helping Clients Mitigate Risks
Clients have been relying on Hauser Insurance’s expertise since 1995 when the brokerage was founded. The consultants who help clients today have more than 40 cumulative years of insurance industry experience.
A wide variety of clients have relied on Hauser Insurance’s expertise over these 25-plus years. Past and former clients include large-cap companies that are listed on the Fortune 500, mid- and small-cap companies on public stock exchanges, and private companies of varying sizes.
The list of clients includes companies in numerous different industries as well. Among clients, companies in transportation, distribution, retail, business services, professional services, manufacturing, healthcare, energy and aviation are represented.
In order to serve such diverse clients, Hauser Insurance has always offered a large variety of insurance products. Many different policies are available to clients, and these include both policies that protect against different risks and ones that are designed for different industries.
Cybercrime Risks Increasing in Recent Years
Cybercrime has been on a steady increase since the advent of the internet. In recent years, though, two particular cybercrime risks have become more prevalent.
First, instances of phishing have increased and become more sophisticated. Phishing attempts to gain protected information by presenting an email or form as legitimate when it’s not. The scams try to dupe people into sharing usernames, passwords, social security numbers and other sensitive details.
Since the Covid-19 pandemic led to more remote working, phishing emails now often present as being from an employer. The emails might ask for users to authenticate something when working for home, for instance, and any data that’s provided for authentication becomes compromised.
Second, ransomware has become a mainstay of cybercriminal’s strategies. Worldwide instances of ransomware attacks grew by 40 percent from 2019 to 2020, and several successful attacks netted criminals large paydays. Few other strategies are as effective as ransomware is.
Hauser Insurance Will Use CyberCube to Assess Cybercrime Risks
In order to better help clients identify and protect against cybercrime risks, Hauser Insurance has obtained CyberCube. This is a specialized data analytics tool that Symantec developed for the insurance industry, and it’s designed to quantify cybercrime risks.
When combined with Hauser’s extensive experience and consulting expertise, CyberCube will be an effective way to identify potential cybercrime risks. The insights gained can be used by companies to protect against these risks.