By Park Eddy
Based on an April 2014 Forbes article titled “New cyber-threats that go bump in the night,” a recent report conducted by Verizon states 94% of all security incidents within a business corporation in 2013 can be linked to nine basic categories. Of the nine main threats listed, “web app attacks” was the most frequent form of data breach. Other risks can come from “point-of-sale intrusions” including Target’s incident in which hackers gained access to the credit card information of nearly 40 million customers and “cyberespionage” with incidents of this act reportedly tripling over the last year.
With cyber threats on the unruly rise, many organizations are poorly protected against these rude awakenings; and even with traditional insurance, it may not be the right insurance to cover these distinctive risks.
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