The PSATS Cyber Advantage
Cyber exposures have grown to become one of the major risks facing municipalities. From breach of HIPAA and Privacy Data to Ransomware, the risks have become significant from both a financial and reputational standpoint. In addition to taking precautions to avoid incidents, prudent municipalities typically purchase insurance to protect against financial loss.
Transmission of computer virus; unauthorized access; denial-of-service to a customers system; disclosure of confidential information; identity theft
Business Interruption & Extra Expsense
Loss of income resulting from a computer attack; additional expenses incurred to restore the business as quickly as possible
Infringement of copyright, title, slogan, trade name; Plagiarism; Wrongful representation of character, reputation or products
Coverage for the investigation and settlement of a cyber extortion; fees for computer & legal experts; Data restoration & public relations
Cyber By the Numbers
Cyber attacks continue to have a massive economic impact on state and local governments across the U.S. Local government institutions have become a growing soft target and they struggle to combat the highly sophisticated phishing attacks posed by malicious hackers.
The preferred method of attack against these organizations
is ransomware; a vicious malware that locks users out of their
devices or blocks access to files until a sum of money or ransom is paid. If defenses fail, a city could be stuck paying the cost of a ransom or losing vital information needed to provide services to the community. From 2017-2020, the estimated reported ransom paid per event in municipalities was $125,697.
The Economic Impact of Cyber Attacks on Municipalities. 2020.
the average ransom amount demanded by cybercriminals (2013-2020)
increase in known cyber attacks on local governments in a single year (2018-2019)
average downtime that results from ransomware attack
Municipalities form the backbone of civil service. Without initiatives like cybersecurity awareness training, our
representatives, state, and local employees are vulnerable to social engineering attacks. This is a matter of state and national
security, one that should not be overlooked or ignored.
Free Phishing Security Test
Free Security Awareness Program
Free Phish Alert Program
Free Email Exposure Check
Free Domain Spoof Test
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Buckle up because we are getting ready to launch your Cyber insurance to the Upside!