Concern over social engineering scams has surged in recent years. Examining the factors driving this increase, the impact on businesses and the variability in insurance coverage for such incidents will offer insights into how organizations can protect themselves and navigate the complexities of insurance policies related to social engineering.

Key points to consider

  • Psychological manipulation: Uncover how cybercriminals use deception to impersonate trusted figures and create urgency.
  • Digital vulnerabilities: Explore how the shift to digital platforms has opened new avenues for exploitation.
  • Insurance maze: Delve into the complexities of insurance coverage and learn how to ensure your policy provides adequate protection.
  • Proactive defense: Learn strategies to fortify your organization against the evolving threat landscape.

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Canadian businesses spend $1.2 billion to recover from cyber security incidents.1
Phishing attacks happen fast — in less than 60 seconds, a business can fall victim to a scam.2
  • 21 seconds to click a malicious email link
  • 28 seconds to input data
96% reported changing their online security behaviours after cybersecurity training.3
Sources

1"Canadian Survey of Cyber Security and Cybercrime," Statistics Canada, 21 Oct 2023.

2"2024 Data Breach Investigations Report," Verizon, 2024. PDF file.

3"Oh, Behave! The Annual Cybersecurity Attitudes and Behaviors Report 2024-2025", National Cybersecurity Alliance, 24 Sept 2024. Gated.