Cyber 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
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Cyber by the numbers from Travelers