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Industry Insights
Smart Cyber Insurance policy highlights and claims information.
What Are the Benefits of a Smart Cyber Insurance® Policy?
Cyber threats are growing year over year, impacting organizations ranging from small and midsized businesses to enterprises. Attacks have continuously become more sophisticated, and every business, regardless of size or industry, can be a target.
Strong cyber liability coverage and risk management practices are now essential. On this page, you’ll find downloadable PDFs with information about cyber risk and cyber insurance specific to industry verticals. Each includes claims examples, coverage limits, relevant metrics, and more to help aid in your search for the right Smart Cyber Insurance® policy.
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Top Industries Targeted by Cybercriminals
Cyber risks and exposures from data breaches or ransomware attacks impact organizations and businesses in numerous ways. The resources below highlight the top industries targeted by cybercriminals and include detailed claims examples, policyholder benefits, and coverage limits.
Accountants & CPAs
Rapid technology adoption has enabled high efficiency and cutting-edge services, coupled with an increased risk of cyber threats.
Financial Institutions
Financial data carries a particularly high value to cybercriminals due to the confidential information connected to customer accounts.
Biotech & Pharma
With valuable data and research, biotech and pharmaceutical companies are popular targets for hackers and cybercriminals.
Construction & Contractors
The adoption of web-connected tools has rapidly grown across the construction industry, but so has the risk of cyber incidents.
Healthcare & Hospitals
Healthcare is one of the most often targeted industries because of the sensitivity of PHI and the high stakes of critical IT systems.
Law Firms & Legal Services
Businesses in the legal field regularly handle high volumes of sensitive client data, making them prime candidates for cyber attacks.
Logistics, Distribution, & Warehousing
Digital solutions for logistics and business operations have opened the door for new and challenging cyber risks.
Manufacturing
As the shift towards automation continues across manufacturing, these companies offer threat actors a high-value target.
Want more helpful cyber content?
Search by resource type and topic to find the right videos, whitepapers, webinar recordings, and product sheets to fit your specific needs.
Other Industries Targeted by Cybercriminals
The risks and cyber exposures from a cyber incident vary significantly across industries and business sizes. Answer any industry-specific questions your clients may have with the cyber insurance coverage resources below!
Auto Dealers
85% of auto dealerships reported suffering a cyberattack or data breach between 2018 and 2020.
Hotels & Hospitality
Every day, hundreds of thousands of guests check into hotels across the globe. That's a lot of data...
Insurance Agencies
The insurance sector saw a hefty 13% increase in ransomware attacks during Q1 of 2022.
Membership Organizations
The reputational damage from a cyber incident can devastate clubs and associations.
Municipalities & Governments
Governments have become disproportionate targets of cyberattacks.
Nonprofit Organizations
Nonprofits handle large quantities of sensitive information from their clients, donors, and partners.
Oil & Natural Gas
Between 2018 and 2021 alone, sectors utilizing Industrial Control Systems (ICS) saw a 500% increase in ransomware attacks.
Real Estate
The real estate sector has increasingly adopted technology to help in their everyday operations, putting them at greater risk for cyber attacks.
Retail
Ransomware threats spiked in 2021, with 44% of all retail organizations experiencing an attack.
Restaurants, Bars, & Taverns
Restaurants, bars, and taverns saw a 1300% increase in data breaches during the 2020 fiscal year.
School Districts &
Education
On top of disruptive school shutdowns, educational institutions paid an average of $112,435 per ransom in 2021.
Staffing
Staffing agencies are prime targets for hackers due to the sheer amount of client-based personal information kept on record.
Threat Intelligence Updates
Our Threat Intel blog is where you'll find our weekly (or more frequent!) updates on ransomware attacks and critical infrastructure vulnerabilities, alongside cybersecurity recommendations from the Corvus Threat Intel team and CISO Jason Rebholz.
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Eligibility for such programs is determined when you apply for coverage. Policy quotes, terms and conditions, and premiums are made in accordance with Corvus Insurance’s underwriting guidelines. The policy, not general descriptions or material within this document, will form the contract between the insured and our insurance carrier partners. Coverage may not be available in all jurisdictions.