In-depth - cyber: Head in the sand
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Many businesses are not doing enough to protect themselves from the risks posed by cyber crime. David Worsfold investigates how brokers can help clients armour themselves against emerging threats
The grim reality of cyber attacks should be well known with frequent headlines about businesses locked out of their systems, having valuable customer data stolen and leaked, or suffering serious losses through invoice fraud. That has not stopped a stubborn and significant minority of businesses adopting an ostrich strategy, sticking their heads in the sand and hoping the multiple threats will pass them by.
That is the road to extinction. It is a road that brokers can help clients avoid.
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