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Home > Blog > Cyber Threats by the Numbers from Travelers Insurance
TUESDAY, OCTOBER 16, 2018

Cyber Threats by the Numbers from Travelers Insurance

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

Tags: cyber insurance, data breach
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