Video: How to Protect Your Business Against Social Engineering Fraud

CapriCMW's James Brown explains social engineering fraud and how you can protect your business.
Categories: Business Insurance
Sep 4th, 2019 | By: CapriCMW
 
 
 
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Video Transcript:

Hi, my name is James Brown. I’m a Risk Advisor at CapriCMW.

I’m going to take two minutes and speak to you about Social Engineering.

So, what is Social Engineering? It’s when an employee unwittingly opens the door to cyber criminals. An example of this, and there could be many, could be someone impersonating a CEO and requesting funds to be transferred via email. So how do you protect yourself from these sorts of risks?

At CapriCMW, we have complex cyber solutions which not only help prevent the losses from occurring in the first place, but can also minimize the losses if they are to occur, which allows you to focus more on your business. Included in these solutions are a couple  of fantastic tools.

The first is a controlled social engineering simulation, which identifies which of your staff and employees require further awareness training. We also have an incident response template which is a playbook of exactly what to do and when and it also includes some standard procedures you can build around. Lastly, if a breach is to occur, you have instant access to our incident response team.

Other costs that are included in these policies include notification of individuals who are affected by the breach, loss of business income, restoration of lost data, legal fees and defence costs, and crisis management.

If you’re interested in learning more, or want a quote on our website, you can visit capricmw.ca/cyber.

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