Industry cyber risks (Cyber Insurance)
Healthcare
📌 Data Breaches: Healthcare organizations hold large amounts of sensitive data, making them prime targets for data breaches.
📌 Ransomware: Cybercriminals target healthcare to cause disruptions and extort money by encrypting patient data and demanding ransom.
Financial Services
📌 Data Theft: Financial institutions are targeted for the financial data they handle, which can be used for fraud or sold on the dark web.
📌 System Disruption: Attacks aimed at disrupting financial systems can have widespread economic impacts.
Education
📌 Data Breaches: Educational institutions hold valuable research data and personal information of students and staff, which can be targeted.
📌 Ransomware: Schools and universities are increasingly victims of ransomware attacks, disrupting operations and accessing sensitive data.
Retail
📌 Payment Card Fraud: Retailers process large volumes of payment transactions, making them targets for cybercriminals looking to steal credit card information.
📌 E-commerce Attacks: Online retail platforms are susceptible to various cyberattacks, including data breaches and denial-of-service attacks.
Public Sector
📌 Espionage: Government data is often stolen for espionage purposes.
📌Financial Gain: Public administration is targeted for financial gain through various cyberattacks.
Manufacturing
📌 Intellectual Property Theft: Manufacturing companies are targeted by hackers who want to steal intellectual property such as product designs and blueprints.
📌 Operational Disruption: Cyberattacks can cause physical damage to products or machines, leading to operational disruptions.
Automotive
📌 Connected Vehicle Attacks: As vehicles become more connected, they are at risk of cyberattacks that could compromise vehicle functionality and safety.
📌 Theft of Intellectual Property: Automotive companies may face cyber risks related to the theft of design and manufacturing data.
Agriculture
📌 Data Theft: As farming becomes more digital, data related to crop yields, livestock health, and machinery performance can be targeted.
📌 Operational Disruption: Cyberattacks on agricultural technology could disrupt farming operations.
Construction
📌 Data Breaches: Construction companies often handle sensitive project data, which can be targeted by cybercriminals.
📌 Operational Disruption: Cyberattacks on construction technology could disrupt project timelines and cause financial loss.
Entertainment and Media
📌 Intellectual Property Theft: Entertainment and media companies often hold valuable intellectual property, which can be targeted by cybercriminals.
📌 Data Breaches: These companies often handle personal data of customers, which can be targeted.
Services (Non-Financial)
📌 Data Breaches: Service companies often handle personal data of customers, which can be targeted.
📌 Financial Fraud: Cybercriminals may target these companies for financial gain, such as through fraudulent transactions