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Travelers InsuranceCyber Threats by the Numbers from Travelers Insurance

1.       Cyber Remains the #2 risk concern among businesses overall

2.       1 in 5 businesses have suffered a data breach or cyber-attack, double the number in 2015

3.       52% of businesses consider it inevitable that they will become a cyber victim

4.       36% of businesses are concerned about someone deceiving their employees into transferring funds, despite a 2,370% increase in losses from such scam in two years.

5.       95% of businesses relay on their computer systems functioning properly for their business to operate

6.       23% are not familiar with their cyber insurance options

7.       91% are confident their company has implemented best practices to avoid/mitigate a cyber event yet;

8.       55% have not completed a cyber risk assessment for their business

9.       62% have not written a business continuity plan

10.   63% have not assessed the cyber security of vendors with access to their data

11.   50% of businesses do not purchase cyber insurance

12.   75% say that it is difficult to keep up with evolving cyber landscape information and developments

For more explanation behind these numbers click:

Cyber by the numbers from Travelers

Posted 6:13 PM

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