Regardless of size or industry, all companies use technology in some way to deliver their products and services. Joyce Insurance Group offers cyber insurance services that can help better protect your business. Contact us today at (570) 655-2831 for a free cyber liability assessment or request quote online.
Cyber Risk 101
As our reliance on technology and data continues to increase, cyber risks do as well. Learn more about these risks, and how the services offered can help you protect your business.
Cyber Criminals Increasingly Target Small and Midsize Businesses
Although large-scale cyber incidents garner major media focus, data shows that cyber criminals are increasingly turning their attention to smaller companies. In fact, 62% of all cyber breach victims are small and midsize enterprises (SMEs), according to Small Biz Trends. Evidence shows that this trend of targeting SMEs will continue to rise. Why are smaller businesses the favored targets of cyber criminals? Most likely because bad actors know that SME leaders often mistakenly think that cyber security services are beyond their means, making them under-protected and easily breached. Read the First Quarter 2019 Report
Did You Know?
- According to the HIPAA report, 2018 witnessed a 157.67% year-over-year surge in the number of exposed healthcare records in the US.
- As much as 80% of the data generated by the healthcare industry is likely to be in the cloud by 2020. Security is also becoming a major concern.
- The trending digitalization, such as the cloud, Big Data, mobile technologies, IoT, and artificial intelligence (AI), in ever more areas of business and society, and the growing connectivity of everything, have increased the workload of already strained IT teams.
- Source: Research and Markets