Cyber attacks can strike any individual or business at any time, but on this episode of the Insuring Cyber Podcast, Insurance Journal’s Elizabeth Blosfield spoke with two guests about one particular segment of the population that can prove to be a lucrative target for cyber criminals: the high-net-worth space.
Hayden Kopser, co-founder and president of North Improvement, has experience working with high-net-worth clients and understanding their cyber risks. On this podcast episode, he discusses the main threats he’s seeing in this sector, pointing to funds transfer fraud, which involves the unlawful taking of funds from a victim’s account, and social engineering related financial loss, in which methods are used to manipulate or trick individuals into giving away sensitive information or funds.
