Companies are on high alert for cybersecurity breaches from ransomware attacks to phishing schemes—cyberattacks are up as much as 148% over the last year. There is constantly some new threat to be on the lookout for, but even so not all organizations have a cyberattack communication and response plan in place. A third of organizations say they are not aware of or not sure about emergency plans for incidents such as cyberattacks and system outages.
Not being prepared for an attack can cause serious harm to both companies and their employees. A report by IBM found that the average time for an organization to detect a data breach was 280 days. In that time, significant damage and costs can be inflicted, and companies can't waste any time determining a procedure to follow up after the fact.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now