Authored by Rachel Minyard

High net worth individuals and families have been targeted by cyber-attacks in the past year, as reported by InsuranceBusinessMag.com and Alicia Grzadkowska.

InsuranceBusinessMag.com notes the new remote working environment has resulted in many phishing scams and cyber threats- and not just at large companies. Darren McGraw, president of Mechelsen Private Client, says the number of attempted or successful attacks against families has skyrocketed since February 2020.

McGraw says there are three cybersecurity myths that individuals should overcome.

The first myth is that cyber risk is only a technology problem and requires a technology-based solution. McGraw says it’s a behavioral issue.

“It’s the behaviors that you as an individual and as a family takes or don’t take that is the biggest determinant in your exposure to cyber risk,” he noted.

To find out other cybersecurity myths, visit https://www.insurancebusinessmag.com/us/news/high-net-worth/three-cybersecurity-myths-that-high-net-worth-clients-need-to-overcome-242466.aspx

Image Credit: Cathy Yeulet, 123rf.com