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Zurich is ready to work with you to help protect your business

Digital, data and cyberArticleOctober 12, 2018

Cybersecurity has become a critical concern for businesses of all sizes. While the enormous benefits of digital technology are clear, the associated risks can be alarming.

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Cyber risks are becoming more prevalent and disruptive, with an increased number of incidents involving data breaches, phishing scams, malware attacks, ransomware threats and identity theft. The urgency to protect digital integrity is more important than ever.

No business is immune from cyber vulnerabilities. These threats may be present in nearly any form and on any scale, affecting large, global corporations, mid-sized regional operations and small businesses. To ensure continuity of operations and protect their data, companies must be vigilant about implementing good hygiene practices and constantly updating security measures.

Zurich has for years been at the forefront of delivering cyber solutions. We are ready to work with you to help protect your business.



Security

Cybersecurity is considered among the greatest of global threats. It has been projected that cybercrimes will cost $6 trillion globally by 2021 – up from $3 trillion in 2015.1 The need for cybersecurity has spawned an industry that has grown significantly in recent years. )

Cybercrimes have grown from “simple” data hacks to sophisticated attacks that now threaten power grids, transportation systems and the viability of companies large and small. The risk is real. For businesses, these challenges can come from many directions. To offer just three examples:

  • Hacking attacks that compromise a company’s databases and storage
  • Phishing attacks that infiltrate employees’ inboxes and ultimately impact data storage and security
  • Ransomware crimes that hold data hostage by blocking access

Successful cyberattacks can lead to network shutdowns that can threaten business continuity. Depending on the scale of an attack, this business interruption can have a costly and potentially devastating effect on your organization.

1 Cybersecurity Ventures. “Official 2017 Annual Cybercrime Report.” October 2017. https://cybersecurityventures.com/