It doesn’t matter if you are a Fortune 500 company or a small “ma and pa” shop, cyber thieves are always looking for their next score.
It is often assumed that smaller businesses are too small to attract attention from cyber crooks, but according to Verizon Communication’s 2012 Data Breach Investigations Report, 72 percent of the 855 data breaches analyzed were at companies with 100 or fewer employees. No company of any size is completely safe from cyber thieves.
There are many ways a cyber thief can steal a company’s identity in addition to the various types of online fraud listed above:
- Stealing credit history – A cyber thief could steal and use a company’s credit history for his or her own financial gain, and then use it to set up a dummy corporation, racking up huge debt for the real company.
- Dumpster diving – All too often, papers with sensitive information are recklessly tossed in the garbage instead of being properly shredded and discarded.
- Hacking – Having proper security measures in place for your computer system is essential to keep intangible assets safe. Make sure you are using firewalls, routers and other security devices to protect your assets.
To learn more about cyber insurance coverages and other risk mitigation strategies, please contact our team.
Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.
