Currently, cyber risk losses are considered "negligible" in the grand scheme of things, but insurance experts are predicting that it will soon overtake natural disasters as the number one cause of losses in the world.
While the estimate for world wide insurance losses for natural disasters currently sits at about U.S.$230 billion annually, the rate of cyber risk losses is growing exponentially and the prediction is that it will soon hit U.S.$ 600 billion per year.
Yes, there's insurance coverage for cyber risks but just like everything else that can be insured, mitigating risk factors is always the best and first steps one can take to avoid the many hassles of being the victim of this crime.
"Knowledge Is The Best Insurance" is a saying we use a lot at BlueCircle, so check out the following links to learn more about Cyber Crime and what you can do to protect you and your family.
"October Is Cyber Security Month ""This Means (Cyber) War"
"Protect Yourself And Your Business Too"
"Government Cyber Security Action"
No comments:
Post a Comment