As every business knows, reputations take years to build. Yet even multi-million-pound organisations have been left wondering how someone could break in through their cyber back door to steal their data at lightning speed. Sometimes it only takes a click.
Last year 74% of small businesses in the UK suffered a data security breach, according to the Information Security Breaches Survey 2015 by HM Government. So if it can happen to the likes of TalkTalk and Sony Pictures (estimated losses of £60m and £24m respectively), then it could happen to your business.
Our infographic shows that cyber-attacks are not just about the loss of revenue though. When your customers’ personal data is no longer secure, then your reputation comes into play.
Our team of legal and PR specialists can help clear things up if you have our Cyber and data risks insurance.
Disclaimer:
At Hiscox, we want to help your small business thrive. Our blog has many articles you may find relevant and useful as your business grows. But these articles aren’t professional advice. So, to find out more on a subject we cover here, please seek professional assistance.