Pune-Based Engineering Supplies Firm Loses Over 22 Lakh in Cyber Scam

Pune City police uncovered a suspected 'man-in-the-middle' cyber attack that cost a Pune-based engineering supplies firm more than 24,000 Euros (approximately Rs 22 lakh). Cybercriminals exploited a minor difference in the email

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address of a French company to trick the Pune firm into depositing funds into a fraudulent Portuguese bank. The cybercrime took place between January and March this year, with the firm transferring the amount following a deceptive email notifying a change in the bank account details. The scam was revealed when the French company reported non-receipt of payment. Authorities advise businesses to strengthen cybersecurity measures, including regular email security reviews and direct confirmation of account changes, to prevent such attacks

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Policybazaar for Business - Cyber Insurance - Customer Reviews

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4.5

out of 5

Based on 47 reviews

12 users

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4.3 October 11, 2022

Aarti Singh

Knowledegable Team

The representatives at PolicyBazaar were knowledgeable, patient and genuinely committed to helping me find the best insurance policy for my requirements. They took the time to answer all my questions and provide valuable guidance, ensuring that I had a thorough understanding of the coverage details and terms. THANKS.

Agra

4.3 October 06, 2022

Amit

Quick And Hassle Free

After seeing a rise in cyber attacks in many of the companies, i decided to purchase a cyber insurance policy for my start up. I went on the Policy Bazaar website and learned about the coverage in detail and purchased it from their website only. It was quick and hassle-free purchase.

Nashik

4.5 October 04, 2022

Pinku

Paperless Process

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Surat

4.5 October 03, 2022

Aashish

Extensive Coverage

We thoroughly checked all the benefits and features and decided to buy a contractual liability policy from Policybazaar. It provides all the necessary features to safeguard our business against any loss.

Ahemdabad

4.5 October 02, 2022

Nishant

Easy To Buy

It was easy to buy insurance from Policybazaar and customer support was also amazing to clear all the doubts. Contractual liability insurance is essential for my business and I could not get a better deal than this.

Udaipur

4.5 October 01, 2022

Puneet

Easy Plan Comparision

An ideal Contractual Liability Insurance policy purchased to protect our business that we ecounter in our everyday operations. Policybazaar offers a platform to compare multiple plans.

Assam

4.5 September 30, 2022

Govind

No Broker And Paper Work

Great experience at Policybazaar. We did not know that buying Contractual Liability Insurance could be that easy. Also there is no broker and paperwork.

Jharkhand

4.8 September 29, 2022

Rinku

Perfect Insurance Coverage

I purchased Contractual Liability Insurance from Policybazaar and the coverage they provided is perfect to keep my hardware business safe various unforeseen instances.

New Delhi

4.5 March 18, 2022

Ishan

Cloud Storage Cover

I wanted to purchase a cyber insurance policy could provide coverage for the data stored in cloud network. I went on the Policybazaar website and look up for plans that would provide me with this coverage. I compared different plans and in a matter of minutes i found the right cyber insurance plan that would fit my requirement.

Ajmer

4.5 March 17, 2022

Anurag

Good User Interface

I was looking for a cyber insurance policy online. After looking for the insurance plan online I landed on the Policybazaar website. Trust me, the user interface of the website is so good that i was able to locate the cyber insurance plan and purchase it in not more than 10 minutes. Thanks Policybazaar.

Delhi

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⁺Disclaimer: The starting premium is ₹2 per day for a ₹5 lakh Sum Insured under an individual plan. The actual premium may vary based on the chosen plan type and selected add-ons. Standard terms and conditions apply. Please refer to the sales brochure for detailed information on risk factors, terms, and conditions before making a purchase.
⁺⁺Disclaimer: The premium of Rs 112100/year is the starting price for sum insured of Rs 1 Crore that may vary depending on the business activity and services rendered, company turnover, and its geographical split, industries/customers to whom the product/service is being provided, website and domain network features, business continuity plan, and data protection measures. STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
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