IT & CyberRisk Solutions

A Cyber Security Strategy That Stays Nimble

Cyber crime is an increasing threat to businesses today: The global cost of cybercrime will reach $2 trillion by 2019, a threefold increase from the 2015 estimate of $500 billion. However, it’s not just Fortune 500 companies at risk — small and midsized organizations (those with 100 to 1,000 employees) are one of the fastest-growing targets. According to Keeper Security’s “The State of SMB Cybersecurity” report, a staggering 50 percent of small and midsized organizations reported suffering at least one cyberattack in the last 12 months. Of course, those statistics only represent the crimes we are aware of, as many more go undetected.

Cyber risk is the risk of financial loss, disruption and/or damage to the reputation of the organization due to the failure of its IT infrastructure. Many businesses today are lacking an appropriate cyber security strategy, a comprehensive disaster recovery strategy, and a proactive incident response strategy. Phishing, spoofing, ransom-ware and social engineering are the most common methods used today, making the threats hard for untrained employees to decipher. Possible outcomes? Your business could face third-party civil litigation, a damaged reputation, and a possible attack diverting payroll, leaving your employees unpaid.

Because cyber-attacks are constantly advancing, your cyber liability coverage needs to remain nimble — at resecō, we take a proactive approach to help our clients properly secure their infrastructure. Our full time IT Professional assess and informs our clients on the effectiveness of their in-house or outsourced IT staff, provides gap analysis, offers realistic and cost effective advice and solutions to protect the enterprise. By conducting an IT security assessment and educating their employees, our approach to cyber security works because a company’s staff is the first line of defense against cyber-crime. Having an up-to-date cyber security strategy is crucial to reducing the likelihood of an attack, and minimizing the impact of a breach or data loss. We help mitigate risk by providing best practice assessments, remediation, education, and technological resources to ensure our clients are in the best position to avoid exposure. Our goal is to reduce our clients’ chances of ever needing to use their insurance coverage.

Why Wait? Talk to a Cyber Risk Advisor Right Now.