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Phishing is a form of ‘social engineering’ and is the most common form of cyber-attack.

Phishing is the fraudulent attempt to obtain Personal Identifiable Information (PII) such as usernames, passwords, credit card details, etc usually in the form of an email disguised as trustworthy and popular on the basis that it is easy to target a high volume of people and it focus’ on the exploitation of human weakness like emotion, curiosity, fear and gullibility rather than network and system vulnerabilities. Importantly, how can phishing effect your business? Your brand will be used to obtain PII, typically by setting up a landing page resembling you and sending electronic communications ‘from you’ that will entice its victims into disclosing such information or downloading of malware. News like this spreads on social media damaging your reputation, causing loss in confidence and consequentially loss of profits.

In some cases, private lawsuits can follow from individuals affected and fines imposed by regulators for non-compliance. A good Cyber and Data policy will not only cover the costs of notifying and reimbursing those affected and subsequent loss of profits, but importantly work to minimise reputational damage with media specialists. #phishing #cyber #insurance


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enquiries@johnsoninsurance.co.uk
01937 222079
Commer House, Tadcaster, LS24 9JF

Johnson Insurance Services is a trading name of Johnson Insurance Services Ltd which is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference no. 784664. Johnson Insurance Services Ltd is registered in England & Wales no. 10822509 at Commer House, Tadcaster, North Yorkshire, LS24 9JF