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.
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.
Cyber attacks continue to pose a real threat to businesses and insurance is evolving to offer solutions.
Cyber attacks can come in a variety of formats and can be designed to accomplish anything from blocking access to files, infecting systems, to stealing information.
1 in 323 emails sent to businesses are malicious. And that’s a conservative estimate. Why? Because it works. Email is the most effective way for cybercriminals to gain access to your computer systems. Texts, social media posts and messages, and online advertisers are also a rising threat.
Ransomware Cyber Attacks continue to plague businesses large and small to such a degree that it has prompted an open letter from the White house. Yet a recent survey of small business owners shows that only half of surveyed businesses feel prepared to respond in a timely manner to limit the impact of a cyber security incident and just 58% have a response plan that is ready for immediate action.
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.
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.