2021 Travelers Risk Index: Cyber [Infographic]

2021 Travelers Risk Index

Cyber risk concerns continue to rise

Cyber is the #1 concern across all businesses.

Biggest cyber-related business concerns:

Security breach/ someone hacking

System glitch

Unauthorized access to financial accounts

Over 50% of businesses worry about being a victim of cyber extortion/ransomware

The number of businesses reporting being victimized by a cyber event continues to increase.

The percentage who said their business suffered a security breach of someone hacking a business system increased significantly since 2020.

Despite heightened concerns and increased threats many businesses are unprepared and have not implemented basic prevention measures such as:

Using Multifactor Authentication (MFA) for remote access

Having a written business continuity plan

Having a cyber assessment for vendors or customers’ assets

Using an Endpoint Detection and Response (EDR) solution

Having a post breach team on retainer as part of an incident response plan

80% of businesses say that it is difficult to keep up with the evolving cyber landscape, latest information and developments.

Learn more about how Travelers can help prepare and prevent businesses from cyber threats. Visit travelers.com/cyber

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