Cybersecurity risks are critically challenging for businesses, with the potential to cause severe business disruption and financial impact.
Understanding the threats and how cyberattacks work can help you keep hackers at bay and better prepare and protect your business.
The "domino effect"
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.
How cyber criminals gain entry
There are several 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:
Protecting your business from cyberattacks
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.
All content in this material is for general information purposes only. It does not constitute personal advice or a recommendation to any individual or business of any product or service. Please refer to the policy documentation issued for full terms and conditions of coverage.
Chubb European Group SE trading as Chubb, Chubb Bermuda International and Combined Insurance, is authorised by the Autorité de contrôle prudentiel et de résolution (ACPR) in France and is regulated by the Central Bank of Ireland for conduct of business rules.
Registered in Ireland No. 904967 at 5 George's Dock, Dublin 1.
Chubb European Group SE is an undertaking governed by the provisions of the French insurance code with registration number 450 327 374 RCS Nanterre and the following registered office: La Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France. Chubb European Group SE has fully paid share capital of €896,176,662.