Thinking your business is too small to fall victim to a Cyber Attack or Data Breach?

Research shows that many small and mid size businesses, think that their business is too small to fall victim to a cyber attack or data breach. However, according to the Insurance Information Institute, from restaurants to medical offices to Mom-and-Pop shops, no business is too small to be vulnerable.

In fact, “half of all small to mid size businesses in the U.S. experienced a data breach in the past year and 55% experienced a cyber attack.”

With the average cost of a cybersecurity incident costing the smallest company, $35,967.

Check out the latest infographic from Property Casualty 360 on the current Cyber Threat Landscape to Small and Mid Size Businesses.

Cyber Threat Landscape to Small and Mid Size Businesses Infographic

The Risk Management Professionals at McSweeney & Ricci can provide you with Cyber Coverage to keep your business protected in the event of a data breach or cyber threat. Contact your Commercial Lines Account Manager for more information on a business insurance program, including Cyber Insurance coverage that is suited to your unique business needs.

Article Source: PC360 Jan 15, 2018, Shawn Moynihan

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