A Solution in the Fight Against Ransomware
Ransomware can rapidly infect systems and spread across a company, creating serious problems for a business and its employees. Ransomware often begins with a phishing attempt. This is when an employee receives an email that appears legitimate, but actually contains malicious links or file attachments. The contents of these emails can allow an adversary to encrypt files on the company’s device and network drives, effectively locking the files and making the system inaccessible. Adversaries will then demand a ransom payment, often in Bitcoin or other cryptocurrencies, in order to relinquish access to the company files. What makes a ransomware attack even more effective is its ability to travel through a company’s network, starting from only a single compromised access point.
Chubb’s Cyber Incident Response Team works with our clients who face ransom demands every day – many of which exceed $1M.
Chubb’s cyber policyholders have access to software and services, like CrowdStrike, that can help you identify and mitigate key cyber exposures. CrowdStrike can help you to curtail the ever-growing threat of ransomware. CrowdStrike’s NextGen AntiVirus software, Falcon Prevent, helps to lessen the likelihood that an organization’s personal computers will be subject to ransomware attacks from incoming malware, and helps mitigate the spread to other exposed devices on the company’s internal network.
For more information on CrowdStrike and other cyber services available through Chubb, contact your local agent, broker, or underwriter.