Cyber breach A single breach resulting in the loss of personal consumer information can initiate multimillion-dollar lawsuits or even class-action lawsuits and reputational harm. (Photo: Przemek Klos/stock.adobe.com)

Recent news stories highlight just how much harm a cyberattack can cause to a business. In 2020, MGM Resorts, Zoom and Magellan Health all fell victim to cyberattacks. While these were multi-million dollar incidents, small businesses are also big targets.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.