The 10 biggest cybersecurity threats account for $8.6 billion in business losses. Find out which cyber incidents pose a risk to your business
The rapid pace of technological advancements and digital transformation has given rise to more complex and dangerous cybersecurity risks. And as these threats grow and evolve, insurers and businesses need to know what they’re up against.
In this article, Insurance Business delves deeper into the biggest cybersecurity threats facing businesses in the US. We will crunch the numbers to get a clear picture of the scope and financial impact of each.
Insurance professionals and business owners can use this guide to gain a deeper understanding of how cyber risks can affect their operations. They can also get expert tips on how to protect themselves from damaging cyberattacks.
The 10 biggest cybersecurity threats US businesses need to be aware of
Cyber threats come in different forms. From malicious software to social engineering scams, cybercriminals are using more devious tactics to infiltrate computer systems. Here are the biggest cybersecurity threats facing US businesses based on the Federal Bureau of Investigation’s (FBI) latest internet crime report. The list is arranged by business losses.
1. Investment fraud
Total losses: $4.57 billion
Number of complaints: 39,570
Investment scams are designed to entice victims with the promise of huge returns on their investments. Investment fraud has consi