Search
 

Almost 70% of businesses have been hacked in the last year, and 36% have no cyber coverage

More than half (55%) of the risk managers surveyed dont believe their company is dedicating enough money or trained and experienced personnel to combat the latest hacking techniques.

By Rosalie L. Donlon | Updated on June 08, 2015
More than half (55%) of the risk managers surveyed by Hartford Steam Boiler don’t believe their company is dedicating enough money or trained and experienced personnel to combat the latest hacking techniques. (Photo: Shutterstock/dslaven)

Every day you can read at least one news story about a company whose data was hacked or one that had personally identifiable information compromised. With all the attention given to cyber incidents and the number of cyber security products available, you’d think that hacking incidents would be decreasing.

But a study of business risk managers released June 4 by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, found that close to 70% of businesses were hacked at least once in the last year. The study also found that more than half (55%) of the risk managers surveyed don’t believe their company is dedicating enough money or trained and experienced personnel to combat the latest hacking techniques.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.