2019 Travelers Risk Index: Cyber
Cyber risk is now the top business concern across all businesses. Here's a look at key findings, including what basic prevention practices businesses report not implementing, despite heightened concerns of a cyber attack.
2019 TRAVELERS RISK INDEX
IS YOUR BUSINESS PREPARED FOR EMERGING CYBER RISKS?
Cyber is now the #1 concern across all businesses.
BIGGEST CYBER-RELATED BUSINESS CONCERNS:
- Security breach.
- Unauthorized access to financial accounts.
EMERGING CYBER CONCERNS INCLUDE:
-
Extortion/ransomware.
- Social engineering scams.
Number of businesses reporting a breach has continued to rise since 2015
- Large business victims have increased 73%.
- Medium business victims have increased 100%.
- Small business victims have increased 200%.
54% believe it is inevitable that their company will be a victim of a data breach or cyber attack.
Despite heightened concerns, many businesses report not implementing basic prevention practices:
- Data backup.
- Firewall/virus protection.
- Staff training.
Still only 51% of businesses have purchased cyber insurance.
Learn more about cyber trends and insurance options.
VISIT travelers.com/cyber
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