Forward-looking firms acknowledge that cyberattacks are now inevitable, not hypothetical. Malware and phishing threats disrupt operations, while hackers covet the sensitive client data stored on your systems. Common breaches include:
- Email compromise and wire transfer fraud
- Breaches via compromised third-party vendors
- Ransomware crippling document management systems
- Insiders accidentally or intentionally exposing data
Without policies providing air cover, these disruptions prove costly. The average breach now costs over $4 million, according to IBM.