Do you know all of the cyber exposures your business faces?
- Organizations, both large and small, need to be proactive in order to protect against growing cyber threats. Regardless of how you conduct your business, are you doing the due diligence necessary to prepare for your organization’s unique cyber exposures.
Do your employees have all the training they need?
- Properly training your employees is one of the easiest ways to prevent a cyber breach from affecting your business. However, because cyber security is a complex topic, thoroughly training all of your employees is not always easy. contact one of our Insurance Advisors to learn how we can provide training and resources.
In recent years, cyber attacks have emerged as one of the most significant threats facing organizations of all sizes. The Internet and other networkoperations have created risks that were unheard of less than a decade ago. When cyber attacks (such as data breaches and hacks) occur, they can result in devastating damage, such as business disruptions, revenue loss, legal fees, and forensic analysis and customer or employee notifications.It is important to remember that no organization is immune to the impact of cyber crime. As a result, cyber liability insurance has become an essentialcomponent to any risk management program.
Cyber attacks such as Data Breaches and Hacks occur. More than 80% of US companies report being hacked at one point. These attacks can cause devastating damage. Companies suffer business disruption, lost revenue and litigation. It is important to realize that no organization is immune to cyber crime.
High-profile cyber attacks on companies such as Target and Sears have raised awareness of the growing threat of cyber crime. Recent surveys conducted by the Small Business Authority, Symantec, Kaspersky Lab and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense of cyber security.