Cybersecurity risks are critically challenging for businesses, with the potential to cause severe business disruption and financial impact. And they are on the rise — according to the Chubb Cyber IndexSM claims data, there’s been a 1,215% increase in the number of commercial cyber insurance claims over the past 10 years.
Understanding the threats and how cyberattacks work can help you keep hackers at bay and better prepare and protect your business.
What is often not understood prior to a cyberattack is that the negative fallout of an incident can create a rapid downward spiral. As business becomes progressively impaired, reparation costs quickly escalate.
When these dominos start to fall, the increasing costs may bring a business to the point of bankruptcy.
There are a number of ways that cyber criminals can gain access to a company’s website or internal server to steal data or otherwise attack a business. These include:
Although stopping cyber criminals may seem like a formidable task, there are a handful of simple measures that companies can use to create their own cyber risk management program and limit their exposure.
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