It's the digital age and you'd be hard pressed to find a successful and efficient organization that has foregone technological advances in favor of doing things the hard way. It's simply the way of the world. If you want to keep up, move forward, and get ahead of the curve and your competitors, digital is your only option. Everything is digital at this point, right down to your ability to use your phone in place of your credit card. While this digital age has provided us with incredible advances and a means to accomplish what would have been months of work in a few short hours, it has also left us vulnerable to hacking, viruses and theft.
As digitizing information has become the standard, protecting yourself from these kinds of vulnerabilities has become harder to do. A computer-savvy hacker circumventing your network security isn't necessarily the reason for your susceptibility either. Human error accounts for 76% of security breaches, and only about 24% of all breaches are due to malicious attack. This means that more than three quarters of the time our own people are responsible for the leaking of sensitive information.
We have grown too comfortable with this technology and have developed a false sense of security, desensitized by the technological world around us. The truth of the matter is that every second - yes, one second - 62 records are lost or stolen. That adds up to 5,314,869 records lost or stolen every single day. With the costs associated with an Internal Investigation, Notification/ Crisis Management, and Regulatory/Compliance, the average cost of a breach of just 1,000 records is about $120,888, and that's not even taking into account the lost employee wages spent on the crisis itself. $120,888, and that's only for a breach of 1,000 records. If you're a smaller business, that can be absolutely devastating.
These statistics don't discriminate against smaller businesses versus larger ones. Everyone is at risk. So what do you do to protect yourself?
The Package Group is an insurance agency that provides a Cyber Insurance liability policy that protects your business in the event of a breach resulting in the disclosure of client or employee personal information, credit card information, health forms, or customer data. With industry experts in Cyber Liability, including Privacy/Unauthorized Access/Breach of Data/Hackers, that will provide you with personalized marketing programs, The Package Group has the proven ability to get better results from markets you may already have. In addition they have an incredible turnaround rate of one day, so within a day you could have discovered the breach and have it sorted out without the hassle.
These breaches in security and sensitive information are inevitable. Whether or not you are protected against these susceptibilities is entirely in your hands. With a variety of options for coverage, you can keep your business and your employees protected. Don't put your company at risk. Get peace of mind; contact The Package Group today.