According to this year’s Traveler’s Risk Index, published by The Traveler’s Indemnity Company, a majority of business owners have a somewhat fatalistic view of hacking and data breaches.
The index includes 52 percent of survey respondents indicating that they believe a cyber-attack is inevitable.
The other statistics in the report paint a grim picture. Here’s a quick overview:
55 percent of business owners say that they have not completed a cyber risk assessment
63 percent say that they have not yet completed a cyber risk assessment on vendors who have access to their data
62 percent indicate that they have not yet developed any kind of business continuity plan, which means they don’t even have the basic outline of the steps they’ll need to take in the face of a successful attack against their company
The number of survey participants saying they have been the victim of a cyber attack has doubled from 10 percent in 2015 to 20 percent in this year’s survey
Yet in spite of this staggering lack of preparation, fully half of all survey respondents say they have cyber insurance.
Tim Francis, the Enterprise Cyber-Lead at Travelers, had this to say about the report:
“Cyber risks carry serious consequences for any business, threatening everything from revenue to operations. These findings reveal some surprising things about how companies view their cyber exposure, their relative confidence in dealing with them and the clear opportunity that exists for them to be better prepared for a cyber-attack.”
It’s a thorny problem, for sure. Most small to medium sized business are strapped for cash and simply can’t dedicate the level of resources they’d like to toward data security.
The good news is that this most recent survey reveals a few simple, low-cost things you could do starting today that would dramatically improve your chances of dealing with a cyber-attack. Given that most people agree it’s inevitable and just a matter of time, that would be an excellent place to start.
President & CEO
I hope you enjoyed this article. My mission is to take your stress away from dealing with IT problems. Call (252) 565-1235 or send me a message at our contact us page if you have a question, comment or want help.
Firefox is upping the ante where digital security is concerned, having just announced the release of a new, free service called ‘Firefox Monitor.’ The new service is designed with one specific goal in mind: To assist users in finding out if their accounts were exposed via a data breach.
Windows 10 is far and away the fastest growing version of the OS in the company’s history. It recently hit an installation base of a staggering 700 million devices after about three years on the market.
If you use the GovPayNet portal, be advised that your personal information is currently at risk. Although at this point, there’s no indication that any hacker has made use of it. The portal is run by Government Payment Service, and is used by many Americans to pay fines, fees and bills generated by more than two thousand different government agencies operating in 35 states.
Google is making a small but pivotal change as it relates to calls placed to 911 operators. Having recently finalized a complex partnership with RapidSOS and West (two emergency technology companies) and T-Mobile, Google will now send location data from its “Emergency Location Service” when an Android user places a 911 call.
Google scored a major coup in the auto industry. They just inked a deal that will put the Android OS in every car made by the global auto alliance Renault-Nissan-Mitsubishi. It sold a staggering 10.6 million vehicles around the world last year.
We’ve known for some time now that the next big crisis the internet will have to come to grips with is the dramatic rise of the Internet of Things (IOT).
The Internet on devices continues to be a major problem when it comes to security. Unfortunately, a big part of the reason why comes down to end users. Recently, Bitdefender released a new report entitled “The IoT Threat Landscape And Top Smart Home Vulnerabilities in 2018,” and it paints a grim picture indeed.
Microsoft is making some long overdue and welcome changes to Outlook to include the Windows and the Web-based version.
Do you use the Chrome browser extension for the MEGA file storage service? If you do, please read this article carefully. The official extension for that service has been compromised. It has been replaced with a malware version that has the capability to steal user login data for a number of popular websites, including Github, Google, Amazon, Microsoft and more.