As Holiday Season Approaches, So Does a Spike in Cyber Crimes, Is Your Small Business At Risk?
Increased transactions during one of your busiest and highest revenue potential seasons of the year can also mean increased cyber risk. In general, cybercrimes are already on the rise. However, during the holiday season, government officials put out special warnings indicating the increase of this risk.
As a small business owner, you may be at even higher risk of a cyber-attack. 31% of all data breaches in 2012 occurred at companies with 100 or fewer employees1. According to Symantec/NCSA research, cyber-attacks cost small and medium-size businesses an average of $188,242, and almost two-thirds of victimized companies are forced out of business within six months of being attacked. With new threats to computer systems and data emerging every day, it pays to be prepared. Even if your business or organization has taken steps to maintain the security of your data, you may not be keeping up with today’s increasingly sophisticated threats. The Insurance Loft and Travelers can help – with cyber insurance solutions that protect your business or organization and help you sleep a little better at night.
Take a look at The Department of Justices Cybersecurity basics that every company should practice.
by
Todd Riley
Advisor