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Cyberattacks relentlessly target businesses, posing significant financial and reputational risks. It’s time to shield your business by securing the right cyber liability insurance.
Rising Sophistication of Cyber Attacks: Cyberattacks have increased in sophistication, targeting a wide range of entities. Advances in Generative AI have enabled more complex social engineering attacks .
Financial Impact of Cyber Incidents: The financial toll of cyber incidents is significant, with the average cost of a ransomware attack hitting $4.54 million. Recovery costs, excluding the ransom, averaged $1.82 million in 2023 (Cloudwards)
Prevalence of Phishing Attacks: Phishing remains the leading method for email threats, constituting 39.6% of all such attacks. Remarkably, 94% of malware was distributed via email (Cloudwards).
Cybersecurity Workforce Gap: The cybersecurity sector faces a substantial skills gap, projected to reach 3.5 million unfilled positions by 2025. Concurrently, the uptake of cybersecurity insurance is expected to rise, with 60% of organizations likely to be covered by 2025 (Norton Website).
Uncertainty in Data Breach Awareness: Alarmingly, 11% of businesses in 2023 were uncertain if they had experienced a data breach, underscoring a need for enhanced cybersecurity awareness and visibility among business leaders (Cybersecurity For Me).
Cyber Umbrella a non-profit organization with a mission to provide as many American businesses with a penetration test to inform you if you are vulnerable and or, if there is anything your IT department has missed.
Cyberthreats today have increased both in volume and severity. Any business, regardless of size, can fall prey to a cyberattack. That's why you must have the upper hand in this ongoing battle.
Equip yourself with the knowledge that secures your business and enhances cybersecurity.
"With penetration testing, or pen testing, you can proactively secure your business against evolving threats by simulating real-world scenarios. We've put together an infographic to help you better understand penetration testing"