Cyber attacks are on the rise across the world. From WannaCry to Equifax, the impact has affected countless individuals and industries alike. 

While cyber attacks tend to be associated with large companies — Sony, HBO, and most recently with Equifax — the truth is no one is too small to be immune from a cyber attack threat. And as cyber criminals and their attacks evolve over time, there is a dire need to be prepared.

In the U.S., the economy remains robust due to the small- and mid-sized businesses (SMBs) across the country. But like their larger counterparts, the risks remain the same — just somewhat scaled back. Vendors they work with can be exposed, putting the company at risk; business interruption puts the company's financial side in danger; and human error exists across the board, regardless of company size. 

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.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].