CyberClan Team

5 Challenges Uninsured Businesses Face while Obtaining Insurance After a Cyber Breach

In 2022, the FBI’s Internet Crime Complaint Center (IC3) received 800, 944 reported cybersecurity complaints, with losses exceeding $10.3 billion. With the rapid evolution of cyber-attacks, leaving businesses uninsured poses operational and financial threats. In contrast, subscribing to a cyber insurance policy allows businesses to mitigate the financial burden of cyber-attacks. For example, if your 5 Challenges Uninsured Businesses Face while Obtaining Insurance After a Cyber Breach

Clop Ransomware Group specifically targets Healthcare Industry in Data Breaches

The IBM 2022 cost of data breach report revealed that the healthcare industry suffered losses of $10.1 million per data breach. Notorious groups like LockBit, KillNet, and Hive have been at the center of these attacks, causing varying degrees of damages and revenue losses due to downtime. Recently, a new player, “Clop,” has taken the Clop Ransomware Group specifically targets Healthcare Industry in Data Breaches

Metaverse Cybersecurity Risks, Hacks, and Scams

The Metaverse has received a lot of traction and adoption since its appearance as a sci-fi concept in Neal Stephenson’s 1992 movie. A recent report shows that the Metaverse will grow at a Compound Annual Growth Rate (CAGR) of 47.6% and reach a projected $1,527.55 billion by 2029. So far, tech giants like Meta and Metaverse Cybersecurity Risks, Hacks, and Scams

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Sugandha Sood

Executive Vice President, Finance

As a professional accountant Sugandha, CPA, CGA has over 15 years of progressive finance and accounting experience across multiple industries including healthcare, medical, nuclear waste, and transportation.

Prior to joining CyberClan she worked at Energy Solutions Canada and was responsible for various aspects of accounting, financial reporting, internal controls, process improvements and taxation. Sugandha is eager to leverage her professional skills and play a vital role in the growth of the company by providing information to make informed decisions.