Allianz Cyber Infographic - Allianz Global Corporate & Specialty

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influence. Method: Banking malware, keylogger,. Bitcoin Wallet Stealer, identity theft, phone hijacking, ransomware, PoS
The Stakes Are Higher: The Evolution of Cybercrime

What is Cyber Risk?

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Any risk of financial loss, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems

Methods are changing and the impact is devastating. 2

1997– 2007 Who: Pranksters, lone wolves Motive: Notoriety, personal challenge Method: Malicious code, trojan, advanced worms, identity theft, phishing

2007–2013 Who: Organized gangs Motive: Financial gain Method: DNS attacks, botnets, SQL attacks, anti-spam sites, competitive sabotage escalation, social engineering, DoS, malicious email, ransomware attack, PoS comprised

2013 – Present Who:

Organized gangs, hacktivist groups Motive: Financial gain and political influence Method: Banking malware, keylogger, Bitcoin Wallet Stealer, identity theft, phone hijacking, ransomware, PoS attack, cyber warfare, android hack, etc.

In 2015, a recordsetting total of

mega-breaches were reported. 3

A mega-breach is defined as a breach of more than 10 million records.

Up to 62% of cyber-breach victims are small to mid-size businesses.

Large corporations Small to mid-size businesses

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It’s not just Fortune 500 companies and nation states at risk of having data stolen. Even the local laundry service is a target.5

Ransomware increased 35% in 2015. 6

010 0 010 0 11010 0 010 11010 0 010 Cyber criminals are using encryption as a weapon to hold companies’ and individuals’ critical data hostage until they pay up.

5 Most Popular Industries for Cyber Attacks in 2015 7

Healthcare Manufacturing Financial Services Government Transportation

Predictions for the Future

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• Rise in cybersecurity spending World-wide cybersecurity market topped $75 billion in 2015. IT security spending will soar to $101 billion in 2018, and hit $170 billion by 2020.9

• Education will be king • More legislation

Allianz has capacity of $15 million for commercial cyber liability. Click here to get an at-a-glance view of our appetite.

3 reasons to choose Allianz ACCEPT Protect our innovative policy form • Unique form structure provides your clients with a true tailor-made offering • Broad coverages capture the complexities of US businesses • Risk management services ® offered through our eRiskHub portal and our panel of leading industry experts 1 The Institute of Risk Management “Cyber Risk” 2 Venafi “Evolution of Cyber Attacks”; McAfee “A Good Decade for Cybercrime” 3 Symantec “Internet Security Report 2016” 4 PropertyCasualty360.com 5 Symantec Cyber Report 6 Symantec Cyber Report 7 IBM X-Force Cyber Security Intelligence Index 8 Cybernetic Global Intelligence 9 Forbes Tech / Cybersecurity market