Cyber Claim Scenario – Denial of Service Attack

Cyber Claim Scenario – Denial of Service Attack (DoS attack)

In January 2012, Australia’s second-biggest online broking business, ANZ Bank’s ETrade, was forced to shut down over the New Year period by a denial of service attack launched from overseas. Following the attack, access to the site was unavailable for some customers for nearly two weeks

Former Woodside Petroleum CEO Don Voelte warned in 2011 that cyber attacks were a major concern and that the company had been attacked “from everywhere”, particularly Eastern Europe, Russia and China.

Cyber Insurance

What is a Denial of Service Attack?

A denial of service (DoS) attack is an incident in which a user or organization is deprived of the services of a resource they would normally expect to have. In a distributed denial-of-service, large numbers of compromised systems (sometimes called a botnet) attack a single target.

Although a DoS attack does not usually result in the theft of information or other security loss, it can cost the target person or company a great deal of time and money.

Typically, the loss of service is the inability of a particular network service, such as e-mail, to be available or the temporary loss of all network connectivity and services.

A denial of service attack can also destroy programming and files in affected computer systems.

In some cases, DoS attacks have forced Web sites accessed by millions of people to temporarily cease operation.

Can you insurer against a Denial of Service Attack?

Some insurers offer Cyber Insurance to cover Denial of Service Attack.

However it’s not a in all policies, if your unsure speak to one of Insure 247’s brokers on 1300 046 787

Source AIG

 

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Please note Cyberliabilitycomparison.com.au Insurance News is an information service sometimes provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

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Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs

10 types of cyber attacks

cyber attacks

10 types of cyber attacks

The following cyber attacks, are examples of how cyber crime can affect your business. Cyber attacks are estimated to costs Australians more than $1 billion a year.

Point of Sale (POS) intrusions Point of Sale (POS) intrusions

Where retail transactions are conducted, specifically where card – present purchases are made.

Cyber Extortion Cyber Extortion

Crime involving an attack or threat of attack against your IT infrastructure , couple with demand for money to stop the attack.

Miscellaneous Errors Miscellaneous Errors

People make mistakes! Unintentional actions directly compromised a security attribute of an information asset.

Cyber Espionage Cyber Espionage

Unauthorised network or system access linked to state affiliated actors and / or exhibiting the motive of espionage.

Denial of Service Denial of Service

Intended to compromise the availability of networks and systems. Includes both network and application layer attacks.

Physical Theft and Loss Physical Theft and Loss

Any incident where an information asset went missing, whether through misplacement or malice.

Insider and Privilege Misuse Insider and Privilege Misuse

Any unapproved or malicious use of organisations resources. Mainly insider misuse or external (through collusion)

cyber-claims Web App Attacks

This includes exploits of a code – level vulnerabilities in the application as well as thwarting authentication mechanisms.

Payment Card Skimmers Payment Card Skimmers

Where a skimming device is physically implanted on an asset that reads magnetic stripe data from a payment card

Crimeware Crimeware

A form of malware. Primary goal is to gain control of systems to steal credentials

Source Emergence Cyber Insurance

Does your Cyber Insurance cover all these events?

Speak to one of Insure 247’s brokers on 1300 046 787

1300-Insure

Please note Cyberliabilitycomparison.com.au Insurance News is an information service sometimes provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

Compare Australian Cyber Insurers

Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs