Protecting Your Business from the Rise of Business Email Compromise Attacks.

As we progress through 2024, it's crucial to reflect on the significant cybersecurity challenges that emerged in 2023. One of the most alarming trends has been the rise of Business Email Compromise (“BEC”) attacks. Recent statistics reveal that over 70% of organizations were targeted by BEC attacks last year, causing substantial financial and reputational damage.?

BEC attacks are sophisticated scams where cybercriminals infiltrate or mimic legitimate business email accounts to deceive employees, partners, vendors, and customers. These attacks often lead to unauthorized transfers of funds, theft of sensitive data, or other fraudulent activities. The typical methods of attack include all forms of phishing, invoice scams, spoofing, impersonation, and data theft.

How BDI Global Can Help Safeguard Your Business

The prevalence and sophistication of BEC attacks surged in 2023, affecting a wide range of industries. The financial toll was staggering, with businesses losing billions of dollars globally. Beyond financial losses, these attacks have eroded trust, disrupted operations, and resulted in significant recovery costs.?

At BDI Global, we understand the evolving threat landscape and are committed to providing comprehensive loss prevention and cyber insurance solutions tailored to the needs of small businesses. We also understand concerns surrounding the time-consuming process for acquiring cyber insurance, high prices, and strict requirements for maintaining coverage. Here’s how BDI helps protect your business and address your concerns:

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1.?Market-Leading Cyber Insurance Policies: Not all businesses are the same, that’s why we offer unique programs specific to your industry and revenue segment. From Law and Health to Enterprise and Excess, please see a full list of our cyber insurance programs below.

A.??SafeLaw: Coverage designed for the specialized needs of law firms.

B.??SafeHealth: Coverage specific to the exposures of physician’s and miscellaneous medical facilities, including HIPAA privacy rules, bodily injury risk, and unique medical billing coverage.

C.??SafePro: Coverage built for professionals such as accountants, title agencies, investment advisors, and real estate professionals.

D.??SafeEnterprise: Coverage crafted for vehicle dealers including automotive, RVs, motorcycles, and boats as well as car rental and leasing agencies, and related repair service and retail parts stores.

E.??SafeCommerce: Coverage built for the needs of main street businesses such as retailers, restaurants, agriculture, construction, and hotels.

F.??SafeXS: Excess cyber risk insurance for large commercial businesses with more than $1B in annual revenue purchasing cyber insurance limits of at least $25M.

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2.?Proactive Risk Management Support: We offer free risk assessment and remediation services to identify and fix I.T. security vulnerabilities through Shield Up Cyber. Shield Up is an online platform with dedicated support from I.T. security experts that provide cyber risk identification tools, guided remediation, security software, and hands on training designed for small businesses.

Please visit ShieldUpCyber.com to learn more.

3.?Timely and Reliable Cyber Solutions: We understand that in today's fast-paced world, efficiency and responsiveness are key. That's why we commit to delivering a comprehensive quote for your cyber insurance needs within 48 hours of receiving your submission.

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Stay One Step Ahead

The rise of BEC attacks underscores the need for robust cybersecurity measures and comprehensive cyber insurance coverage. At BDI Global, we are committed to helping you navigate these challenges and protect your business from emerging threats in a timely and reliable manner.

For more information on how BDI Global can help safeguard your organization against BEC attacks, please visit our website or contact us below.?

Stay safe and secure,

The BDI Global Team

?Visit bdi.global to learn more.

General questions regarding the Safe Programs can be directed to

Michael Lamprecht

Tel: +1 (312) 363-7017

Email: [email protected]?

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