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Protect Your Business from Cyber Threats with Cyber Insurance

  • Writer: Jordan Smith
    Jordan Smith
  • Jul 14
  • 2 min read

In today’s digital world, cyber threats are a growing concern for businesses of all sizes. As your trusted insurance partner, we want to emphasize the critical role of cyber insurance in protecting your business from financial losses, legal liabilities, and reputational damage. Recent cyber incidents right here in Idaho show that any business—even those without online sales—can fall victim to costly cyberattacks.


Cyber Insurance

Recent Cyber Incidents in Idaho: Real Risks, Real Consequences


Over the past few weeks, local businesses have faced alarming cyber incidents that highlight the need for robust protection:

 

  • Invoice Manipulation Loss: A local business wired tens of thousands to a fraudulent vendor after a hacker subtly altered an invoice. Deceptive tactics like this can lead to significant financial loss for any business, which can be mitigated with cyber insurance.

  • Social Engineering Fraud: An employee at an Idaho business was tricked by a social engineering scam, granting a hacker access to critical systems. The hacker initiated a wire transfer in the tens of thousands, which was fortunately flagged by the bank. Without quick intervention, the loss could have been devastating.

  • Malware Attack via Vendor: A local business using a telematics vendor for their auto fleet received an email with a seemingly legitimate link. Fortunately, they didn’t click it, as the vendor had been compromised in a social engineering scam, and the hacker was using their contacts to spread malware to other businesses.


These incidents, happening in just the last couple of weeks, show how quickly cybercriminals can target Idaho businesses, exploiting everyday tools like email and vendor relationships.


Myth: “No Online Sales, No Cyber Risk”

Many business owners believe they’re safe from cyber threats if they don’t conduct online sales. This is a dangerous misconception. If your business uses email, stores employee or customer data, or processes payments, you’re at risk. Cyberattacks like phishing, social engineering, and invoice manipulation target routine communications, putting every business in the crosshairs.


How Cyber Insurance Protects Your Business:

Cyber insurance is a vital safety net, offering financial protection against a wide range of cyber threats. Here’s what it can cover:


  • Data Breach Response: Costs for notifying affected individuals, legal fees, and providing credit monitoring services.

  • Fraud Recovery: Financial losses from wire transfer fraud, invoice manipulation, or other scams.

  • System Restoration: Expenses for repairing systems, paying ransomware demands, or covering downtime income losses.

  • Legal Defense: Support for lawsuits or settlements if clients or employees sue due to a breach.


With cyber insurance, you can focus on running your business while knowing you’re prepared for the unexpected.


Take Action Today:

These and other recent cyber incidents underscore the urgency of protecting your business. Getting started is quick and easy—answer just 10 questions, and we can provide a tailored cyber insurance quote to meet your unique needs.



Don’t wait for a cyberattack to disrupt your operations or finances. Contact The Hartwell Corporation to learn more about what cyber insurance covers or to discuss your options. Let’s work together to keep your business secure.

 

The Hartwell Corporation

 

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