Common Misconceptions Around Cyber Protection

	Myth	Fact
	My company is not exposed to cyberattacks.	Unless you don’t use any computers, mobile devices... etc.
	Our IT department has cyber risks under control.	Hackers are now releasing over 100,000 new ransomware everyday. No security software vendor can keep up easily.
	We outsource.	Liability can’t be outsourced!
	I don’t have the budget - cyber insurance is very expensive.	Not really!
	This is a problem of large companies.	Did you know that cyber-attacks on smaller organisations have increased from 18% in 2011 to 43% in 2016*? Large businesses and SMEs face most of the same threats. However, large businesses spend enormous sums on corporate cyber security, while SMEs don’t have the means to implement comprehensive protection, leaving significant risks uncovered.

Source: Small Business Trends - 43 Percent of Cyber Attacks Target Small Business

Disclaimer - This content is brought to you by Chubb Insurance Malaysia Berhad (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.