Webcast to examine sophisticated cyber attacks like one that hit IMF

The recently revealed cyber attack on the International Monetary Fund highlights a key cyber risk that companies and organizations face: sophisticated, long-term breaches that are designed to steal market intelligence and other vital corporate intellectual property.

The attack, which came to light over the weekend, reportedly was highly sophisticated and is believed to involve intelligence gathering that took place over several months.

Experts say data thieves increasingly are looking beyond financial data and sensitive customer information and zeroing in on the very heart of a corporation: its most vital intellectual assets. Such attacks, known as advanced persistent threats, can result in valuable corporate information, such as acquisition plans and product designs, being stolen and sold to rivals. APTs establish a long-term occupying presence within a company’s network, planting malware that can lie dormant for years before problems begin.

Learn how APTs work

A free Business Insurance webcast on June 22 will how explore how APTs work, how they can be detected and what risk managers can do to protect their company’s key intellectual assets. Presenting will be Larry Collins, head of e-solutions and vp of health, safety and environmental risk engineering at Zurich Services Corp.; and Mark Greisiger, president of NetDiligence. Business Insurance Associate Editor Mike Tsikoudakis will moderate the discussion.

To register for the webcast, “Dormant Dangers: Protecting Key Corporate Assets from Cyber Attacks,” visit www.BusinessInsurance.com/webcasts.