Risk & Business Magazine Gifford Associates Fall 2015 | Page 28

R
& Ensure Protection
B Small Businesses May Be More Likely to Experience a Cyberattack
BY: GORD PAYNE, DIRECTOR, CORPORATE COMMERCIAL LINES, INTACT INSURANCE

S

ay the words, “cyberattack,” and most
people think of companies like Target
and Home Depot. Small businesses think
they are immune to this sort of breach
but as more small companies adopt the
same technologies as large corporations,
they may be even more exposed than the
large ones.
“Big businesses are no longer the sole
target for cyberattacks, as smaller
businesses handling credit card
transactions and who collect and store
confidential information are often more
unprepared,” says Nathalie Dufresne,
Vice President of commercial lines for
Intact Insurance’s Ontario and Atlantic
divisions.
Where a large company will have systems
in place to help protect them from a
cyberattack, small companies can be
more vulnerable as they typically don’t
have the resources to monitor their
websites and online business.
It’s not just the hac