Cyber Risk Exposure Scorecard: Assess Your Risk

May 22, 2024||inBusiness Insurance|business insurance, cyber liability, cyber liability insurance, cyber security, cybersecurity

Cyber incidents, including data breaches, ransomware attacks, and social engineering scams, have become increasingly prevalent, impacting organizations of all sizes and industries.

Such incidents have largely been brought on by additional cyber threat vectors and growing attacker sophistication. The financial toll of this activity upon companies is absolutely staggering.

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According to Cybersecurity Ventures, the global cost of cybercrime is projected to be approximately $10 trillion annually in 2026 and to reach $15 trillion by 2029.

The average cost of a single data breach is around $4.88 million globally. As these incidents continue to rise in both cost and frequency, organizations must take steps to address their cyber exposures and bolster their digital security defenses.

Our Cyber Risk Exposure Scorecard walks you through the key areas insurers and cybercriminals both pay closest attention to: employee access controls, data backup practices, incident response planning, and third-party vendor risk. In just a few minutes, you’ll get a clearer picture of where your organization stands and which gaps to prioritize first. Once you’ve completed it, our team can help you translate those results into the right coverage and risk management strategy for your business.

Download our Cyber Risk Exposure Scorecard (PDF)

Download our Cyber Risk Exposure Interactive Scorecard (XLS)

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