![[LOGO] Corvus Insurance by Travelers](https://www.corvusinsurance.com/hubfs/Corvus%20by%20Travelers%20Logos/CORVUS-Travelers-SML-POS-RGB.svg "[LOGO] Corvus Insurance by Travelers")
Industry Insights and Resources
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.
![[DIAGRAM] What Are the Benefits of a Smart Cyber Insurance® Policy?](https://www.corvusinsurance.com/hubfs/Corvus_Insurance_by_Travelers_Shield_V2.svg)
Target Industries
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 client accounts.
Biotech & Pharma
With valuable data and research, biotech and pharmaceutical companies are popular targets for hackers and cybercriminals.
Construction and Contractors
The adoption of web-connected tools has rapidly grown across the construction industry, but so have cyber incidents.
Healthcare and 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 and Legal Services
Businesses in the legal field regularly handle high volumes of sensitive client data, making them prime candidates for cyber attacks.
Logistics, Distribution, and Warehousing
Digital solutions for logistics and business operations have opened the door for new and challenging cyber risks.
Manufacturing Companies
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.
Industries at Risk
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 and 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 and Governments
Municipalities and government organizations have become disproportionate targets of cyberattacks in recent years.
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 aid in their everyday operations, increasing their cyber risk.
Retail
Ransomware threats spiked in 2021, with 44% of all retail organizations experiencing an attack.
Restaurants, Bars, and Taverns
Restaurants, bars, and taverns saw a 1300% increase in data breaches during the 2020 fiscal year.
School Districts and Education
On top of disruptive school shutdowns, educational institutions paid an average of $112,435 per ransom in 2021.
Staffing and Recruiting Agencies
Staffing agencies are prime targets for hackers due to the sheer amount of client-based personal information kept on record.