Saturday, 11 June 2016

65% of Global Businesses Cannot Survive Without Cyber Insurance

Early this year, a report was published which showed that 65% of the total global businesses are not well equipped to prevent email based cyber-attacks. For any serious company, this report should be of real concern because it can affect just about anyone.

The report, named 'Mimecast Business Email Threat Report 2016: Email Security Uncovered' was based on an extensive survey carried out on 600 IT security professionals. This survey showed that a huge 65% of the world's businesses were susceptible to cyber-attacks through emails. As a matter of fact, one-third of the respondents were of the opinion that emails are no longer as safe as they used to be. The question left for all business owners - both big and small - to answer is: Are you willing to put your company in this 65%?

Saying No to such a question should go beyond words. While not all businesses can afford the level of cyber security that is used by the remaining 35%, all businesses can avail itself to the coverage of a good Cyber insurance. Cyber insurance, although nascent, is fast becoming one of the faster growing markets in the world. This is because businesses are no longer ready to play by the sidelines but are geared towards participating actively.

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