Tag Archives: cyber attack

Cyber Claims Digest for 2020 Planning

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This entry is part 31 of 33 in the series Data Security

Analysis of 2018 Cyber Claims Data by Society Insurance

Ransomware. Business email compromise. Spear phishing. This is the new language of business risk. Whether it’s a massive data breach that exposes customer information, or an automated ransomware attack that extorts bitcoin payments from a small business owner, the cybercrime wave continues to swell as the cybercrime economy becomes more sophisticated.

The threat of cyber attacks continues to top the list of executive concerns around the globe. According to the latest survey by The Conference Board, US-based CEO’s rank cybersecurity as their number one concern.

And here’s why…

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How to Keep Your Restaurant Safe From Cyber Threats

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This entry is part 27 of 33 in the series Data Security

Handling electronic data is an unavoidable part of operating any business today, but what would happen to your restaurant if that sensitive information was the target of a cyberattack? We tend to remember big, scandalous data breaches like Equifax or Sony, but that’s only because they are highly publicized. In reality, an estimated 90% of cyberattacks affect small businesses and the average cost of one is $116,967. Couple that with loss of customer trust and suddenly it’s no surprise that 60% of small businesses go out of business within 6 months of a data breach.

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