Data breaches: they're not just for the Targets and federal governments of the world any more. According to a new study from The Hartford, midsize businesses have a good chance of experiencing a data breach—if they haven't already.
The Hartford's recent survey of more than 500 midsize business owners and C-level execs found that 43% had experienced a data breach within the previous three years, and 13% have had a supplier's data breach impact their own information.
That doesn't mean business owners don't recognize the heightened risk, however. According to the survey, 82% of midsize business leaders consider a data breach at least a minor risk, while 32% see it as a major risk. They also are aware of the risk a breach with a supplier could cause, with 53% of midsize leaders considering IT security and data protection practices very important when selecting a supplier.
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
Already have an account? Sign In Now
© 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.
