Risk & Business Magazine Gillons Insurance Magazine Fall 2017 | Page 27

It’s better under the umbrella ® Your risk management challenges are unique. Your solutions should be too. That’s what you’ll get with Travelers Canada. Our experience delivering custom solutions, combined with our global expertise in risk management, make us the only choice when it comes to your business. For risk management advice and resources to meet the unique needs of your industry, visit us at travelerscanada.ca or contact your local insurance broker. travelerscanada.ca © 2017 The Dominion of Canada General Insurance Company, St. Paul Fire and Marine Insurance Company (Canada Branch) and/or Travelers Insurance Company of Canada. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. M-18252 New 9-17 Cyber.. Are You Protected? Evolving Cyber threats impact businesses and organizations of all sizes, sectors and industries. Cyber attacks are increasing and attacking businesses and organizations with fewer – than 250 employees - 60% of all targeted attacks strike small to midsized entities. In more than 90% of breaches, the compromise takes only minutes or less. Its not a question of “if” your business or organization will suffer a breach, but “when”. Damaged reputations along with an average data breach of $211 per compromised record and total breaches of $4.98 million recorded in Canada over the last few years, can devastate an unprepared organization. There are multiple types of data that can be found on a system or network including: Health Information health, medical records of patients or employees Payment Information credit or debit card account numbers Personal Identification Information names, addresses, phone numbers, Social Insurance Numbers or other identity information. Intellectual Property manufacturing processes, marketing strategies and other trade secrets Other proprietary Information confidential information shared by a business partner. If your business or organization was attacked would you be prepared? Do you have the adequate coverage in place? Gillons can help provide safeguards that can be used by your businesses and organizations to improve your cyber security risks. Contact one of our Cyber Risk Professionals at gillons.ca