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Can Cyber Insurance Help Protect Your Mental Health?

Posted on October 10, 2023October 10, 2023 By Martin Hinton

In today’s increasingly digital world, it’s more important than ever to protect yourself and your business from cyber threats. That can prove very difficult. The World Economic Forum finds that 95% of cybersecurity incidents occur due to human error. The impact on individuals and organizations can be deep and lasting. Few people relish having been the problem.

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In recognition of World Mental Health Day, BOXX Insurance has an interesting post on the cross-over between the digital world of cybercrime and our mental health. Toronto-based BOXX Insurance offers comprehensive cyber insurance solutions that seek to give businesses and families peace of mind with all-in-one cyber protection and insurance.

The Psychological Impact of Cyber Crime

Cyberattacks can have a devastating impact on our mental health. Feelings of helplessness, powerlessness, and loss are compounded by the financial, privacy, and professional consequences of a cyberattack.

In the workplace, cyberattacks can lead to extreme stress and anxiety for employees at all levels of the organization. Employees who fall victim to phishing scams often feel guilty and ashamed for bringing an attack down on their employer and colleagues. One in four employees who fall for a phishing scam loses their jobs within a year of the attack.

Cyberattacks can also have a major impact on the mental health of home users. Falling victim to an embarrassing romance scam or waking up to find your social media accounts hijacked can be devastating. Many people wrestle with an overwhelming sense of shame and try to manage a cyberattack on their own. This can lead to feelings of isolation and powerlessness.

Key Steps for Digital Wellness

There are a number of things you can do to protect yourself and your loved ones in our digital world. Here are a few key steps:

  • Seek professional help immediately. If you’re the victim of a cyberattack, it’s important to speak out and seek help right away. If you’ve made a mistake at work, report it immediately. If you’re trying to recover your personal data, a cybersecurity professional can help.
  • Report cyberbullying. Cyberbullying is a serious problem that can have devastating consequences for victims. If you’re being cyberbullied, it’s important to report it to online providers, law enforcement, and employers if it’s happening at work. You should also get support from someone you trust or a professional.
  • Strengthen your online security. Taking steps to protect yourself and preventing cyberattacks is essential to digital well-being. Use strong passwords, enable multi-factor authentication, and regularly update your software.
  • Stay informed. Cybersecurity training should be mandatory for businesses of all sizes. At home, educate yourself and your family, including elderly parents, on common digital risks.
  • Practice self-care. Take regular breaks from screens and technology to reduce digital stress and fatigue. If you’re at work, schedule time away from your device for a short walk or to connect with coworkers.
Cyber Insurance for Digital Wellness

Cyber insurance can provide additional peace of mind by covering costs associated with a cyberattack, including cybersecurity consultation and cyber trauma costs.

Other News: BOXX Lands $14.4m B Round, Led By Zurich (Opens in a new browser tab)

Cyber Insurance Tags:BOXX Insurance, cyber insurace, world mental health day

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

🛡️ With a background in enterprise-level cybersecurity on Wall Street and a personal connection to small business through his family, Dan shares why Cork focuses on protecting small and mid-sized businesses from rising cyber threats.

🚨 "The threat actors are getting better, and they're coming after Main Street more and more."

👉 Discover why Main Street is being underserved in today's digital threat landscape and how Cork is filling that gap with a unique value proposition.

🔗 Learn more about Cork: corkinc.com
🎧 Full Podcast Episode: www.youtube.com/@CyberInsuranceNews/podcasts

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
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