The loss of confidential customer and employee data remains the top cyber-related concern for smaller businesses whereas, for large companies, their biggest concern shifted in 2017 from data breaches to managing reputational and regulatory risks, according to USI Insurance Services' 2017 Cyber Security and Data Privacy Study.
Damage to the reputation of an organization that experiences a breach can be catastrophic or minimal — it depends on the public's perception and understanding of the event. Engaging the right people at the right time to communicate a well-thought-out message is the first step to managing an organization's reputation in the wake of an incident and is a critical part of an incident response plan.
Recommended For You
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
© 2025 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.
