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Cyber Risks: Identify, Prevent, and Manage

April 23, 2014 by Sovereign Risk Solutions · Leave a Comment

Many business owners do not believe they are at risk for cyber liability, however, the statistics suggest otherwise…

Data breaches were up 62% in 2013 alone according to Symantec, a key organization that keeps track of global data breaches. 

There are many areas where cyber exposures exist: Data Security, Cyber Attack, Security Breach, Hacker

  • Hackers
  • Rogue employees
  • Company laptop stolen or lost by traveling associates
  • Employee(s) mistakenly post sensitive information online
  • Untrained employees opening malicious information their work computers
  • IT personnel not trained to respond to security breaches appropriately
  • Security procedures are not instituted
  • Apathy towards where and how sensitive information is collected and stored
  • Inadvertent vendor/supplier access  
  • Failure to detect data breaches
  • Anti-virus software not up to date
  • Firewalls not managed
  • Social media allowing information to be spread

As you can see from the above these are just some of the areas that a company could be exposed to cyber breaches.

If you are unaware how your company can be impacted by cyber breaches, contact our office to have one of our professionals prepare an evaluation for your business to make CERTAIN your organization is PROPERLY PROTECTED!

Author: Alicia Furneaux

Related Posts:

Hacking, Scamming, and Skimming… 3 Reasons to Revisit Cyber Liability Insurance
Cyber Breaches Are Very Expensive. Is Your Business Protected?

 

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Filed Under: Commercial Insurance, General, News, Transportation · Tagged: Business Insurance, Commercial Insurance, Cyber Attack, Cyber Liability Insurance, Data Breach, Privacy Liability, PROTECTION

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