Cyber Threats Continue To Worry US Businesses

April 5, 2017

Travelers Insurance

Lines of computer code reflected in eye glasses.

Cyber Risks Are the #3 Concern Overall for Businesses

  • 61% of large businesses see cyber as a threat
  • 61% of midsized businesses see cyber as a threat
  • 39% of small businesses see cyber as a threat

Top 5 Concerns of All Businesses

  1. Security breach by someone hacking
  2. Computers become damaged or go down
  3. Someone accessing bank/financial systems
  4. Employees putting information at risk
  5. Knowing how to recover from a breach

Nearly 1/4 of businesses surveyed reported being "not confident" in their plans to avoid cyber incidents.

One Infectious Link. One Inviting Email. One Intriguing Site.

That’s all it takes to set off a damaging cyber attack.

Cyber attacks come in all shapes and sizes. A massive data breach was set off by a malicious virus that wormed its way inside a company’s computer network. A major hospital’s weeklong loss of access to its email and electronic health records most likely began with a click.

Just think about what this kind of intrusion could cost your clients. Since the average cost of a data breach has continued to rise, it’s something businesses should take seriously.

Fortunately, Travelers can help you understand the cyber risks your clients face, and how to protect them from the damaging consequences. To learn more, talk to your Travelers representative or visit travelers.com/cyber.

Source: Data from 2016 Travelers Risk Index 

Cover of the 2017 Issue 2 Smart Choice Magazine titled "Cyber Risk and Security"Cyber Risk and Security

Cyber attacks come in all shapes and sizes, so independent agents can't afford to let their guard down. With so many digital technologies and channels of communication, cybersecurity and mitigating risks of data breaches are more important than ever. Check out the 2017 Issue 2 of Smart Choice Magazine more on how to protect your agency and your clients from cyber threats and risks.

Read the Magazine