A new report coauthored by Chubb, Symantec and CoverHound outlines a few simple measures that companies can use to create their own cyber risk management program and limit their exposure. Significantly more than half of all cyberattacks are directed at small and midsize enterprises (SMEs), and that number is steadily increasing.
Cyber security risks are uniquely challenging for SMEs due to:
- frequency with which these threats manifest into bona fide cybersecurity incidents
- severe business disruption and financial impacts
- limited resources to respond and recover