|Delayed - 01/22 04:10:00 pm|
Chubb : Index Highlights Importance of Professional Services Industry Taking More Protective Steps Against Cyber Attacks
|11/24/2020 | 11:34am|
Businesses can take extra steps to protect their remote workforce against cyber threats
"Most cyber attacks are coming from outside the company, leaving businesses at greater risk in the current work-from-home environment," said
For example, companies should use multifactor authentication for protected data and to keep software and applications up-to-date.
In addition to highlighting risks within the professional services industry, the latest Cyber InFocus report also examines:
- Changes in cyber vulnerability by industry since 2016.
- Breach sources over the last four years showing an increase in threats by external actors, including malware attacks.
- Cyber crime examples in the most vulnerable industries, how they were exposed and what was learned in the process.
According to the Chubb Cyber IndexSM:
- Chubb has also seen an 8% increase in cyber incidents for the technology sector, a 7% increase in the manufacturing industry and a notable increase in the public entity claim counts.
- Over the last two years, malware-related incidents have grown to account for 22% of claims, compared to 25% for social, or email phishing, which are other leading causes of cyber attacks.
"As cyber incidents continue to evolve in complexity and focus, it's critically important that companies understand how cyber-and privacy-related incidents affect their organizations," added
Chubb's Cyber InFocus report, which first launched in early 2018, provides insights into the effects of cyber risks and trends on specific industries or business segments each quarter. Such insight is based on Chubb's use of third-party research, as well as proprietary claims data from more than two decades of insuring organizations against evolving cyber threats.
Visit www.chubb.com/cyber to read this quarter's Chubb Cyber InFocus Report, and reports from previous quarters, and get access to additional insight into risk mitigation practices, as well as real-time proprietary cyber claims data through the Chubb Cyber Index.
For more information on Chubb's cyber products and services, contact your local Chubb agent or broker. For more information on professional liability insurance, visit: www.chubb.com/us/professionalliability, or contact your local Chubb agent or broker.
About Chubb Cyber:
Chubb is a leader in insuring cyber risk. Combining industry-leading underwriting and expert third-party incident response services, Chubb offers policies that are tailored to the specific needs and risks of its clients to ensure they are ready with the tools and expertise necessary should a cyber incident occur. Moving swiftly to connect clients with the proper parties to minimize data loss is only part of what Chubb delivers. Keeping an eye on the ever-evolving cyber security landscape, Chubb looks for ways to do more for its clients by offering cutting-edge products and holistic services to every client.
With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company
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