Risk & Business Magazine General Insurance Services Fall 2019 | Page 27

CYBER ATTACKS
Cyber-Attacks On Main Street Businesses
W
e live in a fast-paced,
technology-driven world
where everything is a
swipe or a click away.
The technological
advances made in the past five years are
nothing short of miraculous. Our entire
business and personal lives are no farther
away than an application on our phone,
which for most of us is probably within a
two-foot radius. While technology makes
our lives convenient, it is also convenient
for hackers to steal sensitive information.
Contrary to popular belief, hackers
predominantly target small- to medium-
sized businesses. According to research
done by Travelers Insurance, 60 percent
of all attempted cyber-attacks are on
small- and medium-sized businesses. Many
large firms have extensive web security
and spend a considerable amount of
resources to ensure their data is protected.
Unfortunately, this is not the case for many
Main Street business owners which is why
there is an increase of attacks on smaller
local businesses.
Business owners need to take a hard look
at their network security and determine
if their business could withstand a cyber
breach. Cyber Risk Insurance is a cost-
effective way to make certain a business
can continue to function if a cyber-attack
occurs. Insurance carriers are offering
extensive training and loss prevention. It
is important for small businesses to take
advantage of these resources and become
as educated as possible on all aspects of a
cyber-attack. +
We know what it took to build this business.
BY: KYLE ROSENBAUM
COMMERCIAL ACCOUNT EXECUTIVE,
GENERAL INSURANCE SERVICES
And we know what it takes to protect it.
To find out how West Bend can help protect your valuable business,
contact this Official Supplier of the Silver Lining ® .
Kyle Rosenbaum was born and raised
in La Porte. He attended Manchester
University where he received a B.A. in
Accounting. Upon joining GIS in 2013,
he became the second generation of the
Rosenbaum family to be involved in the
agency. In his spare time, Kyle enjoys
golfing, hunting, and fishing.
[phone]
www.genins.com
27