In 2019, around two thirds of small to medium-sized businesses (SMBs) experienced a cyber attack and/or data breach, according to Ponemon Institute’s annual Global State of Cybersecurity in SMBs report. There is a continued shortage of cybersecurity professionals and among smaller organizations, a lack of resources or knowledge, leaving startups especially vulnerable to cyber attacks. These uncertain times due to the global pandemic increase the risks further. 

Cyber criminals are capitalizing on the current global pandemic by sending out phishing emails related to COVID-19. Some are even posing as the CDC or WHO in an attempt to lure users into giving up sensitive data or installing malware. The rise in these attacks plus the shift to employees working from home puts businesses at risk. While there are steps you and your employees can take to protect your business, truly eliminating all risks is impossible. 

Data breaches are a matter of “when” not “if”. A holistic risk management approach is important. This includes assessing your security posture and vulnerabilities, mitigating your cyber risks by implementing best practices, and insuring your organization with comprehensive coverage. Check out a clip from our webinar below:

Learn more about a holistic approach to risk management (including some things you can do to mitigate your cyber risk), what you should look for in your cyber insurance coverage, and more in our full webinar. You can register to view the webinar here.