Node’s Cyber product #DigitalRisk1.0 covers financial losses resulting from data breaches and other cyber events, also known as cyber liability insurance or data protection insurance. It is there to ensure that your company is safe from cybercrime issues such as hacking, data theft and social engineering, where criminals try to fool you out of money, information or both. It also covers data breaches that include unintended disclosure of sensitive information.

Phishing is a type of social manipulation attack that is often used to capture user data, including username and credit card numbers. It happens when an attacker, disguised as a trusted person or entity, dupes a victim to open an email, instant message, or text message. The recipient is then tricked into clicking a malicious link which can cause malware to be installed, the system to freeze and Ransomware to be installed.

Ransomware is malicious software intended for one purpose: The extortion of money from its victims. It is one of the most popular crime business models in existence today, largely due to the multi-million dollar ransoms that criminals seek from individuals and corporations. Such requests are very simple: pay the ransom, or have the business activities severely compromised or completely shut down.

Personally Identifiable Information, or PII, is any data that could be used to recognise a particular person. Definitions include a full name, Social Security number, driver’s license number, bank account number, passport number and/or email address.

Dual Factor Authentication on Wire Transfers relates to the confirmation of Payee details prior to sending the funds across. The dual or second factor would be a method of confirming or challenging the communication in a channel outside of the original request (Email, phone, communications app, etc.)