Description

What is Your Company’s Risk of a Cyber Attack?
Explore the alarming vulnerabilities companies face in the digital age and why cyber protection should be a top priority.

• Audit Findings on Cyber Risks:
  • An asset manager analyzed over 500 companies and discovered that 20% were running outdated software, lacking critical patches, protections, and firewalls.
  • Even large financial firms with significant budgets were not immune to these vulnerabilities.
• Impact on Smaller Companies:
  • Smaller and mid-sized businesses likely face even higher risks, making them attractive targets for hackers.
• Consequences of Poor Cybersecurity:
  • Potential data breaches, loss of customer trust, and regulatory investigations.
  • Companies slow to adopt cybersecurity measures may face severe financial and reputational damages.
• Investor Insights:
  • Some investment analysts are now reconsidering shares in companies with insufficient cybersecurity strategies.
• The Role of Cyber Insurance:
  • Cyber insurance policies often outline necessary cybersecurity practices to maintain coverage.
  • These guidelines are designed to prevent claims and minimize losses from breaches.
• Actionable Takeaways:
  • Ensure your company has a robust cyber protection strategy, whether guided by an insurance provider or an internal IT team.
  • Staying proactive can prevent catastrophic financial losses and maintain trust with clients and stakeholders.

Don’t let outdated systems and lax security measures jeopardize your business—invest in cybersecurity today!