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.
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 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:
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 Insurance South Africa Limited is a (Re)Insurer licensed to conduct non-life insurance and reinsurance business. Chubb is an authorized Financial Services Provider (FSP: 27176). Ground Floor, The Bridle, Hunts End Office Park, 38 Wierda Road West, Wierda Valley, Sandton, 2196.
*Chubb Cyber Risk Survey 2019. Conducted between May 7, – May 17, 2019; results are based on 1,223 completed surveys.
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