Today’s businesses face many risks, from competition from high-tech startups to lawsuits over employment practices. But the biggest modern risk of all is one that you might be ignoring – the risk of cybercrime.
Businesses are familiar with this risk. After all the high-profile data breaches and ransomware attacks, it’s hard not to be. At the same time, like ostriches with their heads stuck in the sand, many businesses are ignoring the risk instead of taking action.
This is a mistake. According to the Internet Crime Complaint Center (IC3), there were more than 300,000 reported incidents of cyber crime in 2018, resulting in more than $1.4 billion in losses.
- California, New York, Florida, Texas, and Virginia will lose the most money to cybercrime in 2018. — Website Builder Expert, 2018
- California is predicted to lose over $329 million due to cybercrime in 2019—the most out of all US states.
Contact me and explore the possibilities.
M. Brant Watson
Senior Vice President
Heffernan Insurance Brokers