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What you need to know about cyber-crime in 2018

In the past, all businesses needed to thrive were proper planning, solid offerings, and superior customer service.

With the internet and social networking, all that is changing. One of the biggest hurdles is Cyber- crime.

According to the Ponemon Institute’s 2017 State of Cyber Security in Small & Medium-Sized Businesses, over 60% have experienced a cyber-attack in the last year, but only 22% encrypt sensitive data!

What’s worse, only 25% of these businesses had adequate cyber coverage in place. Yikes.

This recent cybersecurity predictions article notes cyber- crime will keep growing in sophistication. And with social marketing, the amount of user data collected and distributed keeps growing. Many of these businesses lack IT departments.

What can ZORN do to help?

  1. First, talk to your clients. Emphasize the importance of knowing what their cyber risks are in their data systems and work with their own IT specialist to ensure systems are protected from breaches. If you know IT specialists that you could recommend to businesses without their own expertise, the better.
  2. Standalone cyber policies provide broader coverage, rather than a small component or endorsement. Contact ZORN’s to learn more about how you can protect your business and clients. 

 Cyber coverage isn’t meant for just large organizations. One breach could bankrupt a smaller business. Encourage your clients to protect themselves.

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