Cyber Risk

With data breaches occurring as often as they do, companies across the globe must face the reality that cyber risk cannot be ignored. Often, costs to respond to or manage a data breach can cripple or destroy a company. Impacts such as reputational harm, business interruption, extortion, legal exposure, and loss of critical data must be addressed proactively and by many departments within an organization.

The responsibility for proper cyber risk mitigation falls on more than the IT department. Organizations that involve their board, C-suite, risk management department, IT department, and others not only greatly reduce their chances of a breach, but also decrease the effective cost of a breach.

Having a breach response/business continuity plan also reduces the impact of a cyber event and helps ensure your company can rebound, restore operations, and protect the company’s assets and reputation.

Click to read the Ponemon Institute’s authoritative study on the cost of data breach (2016)

the-als-group-nj-cyber-risk-cost-per-breached-record

How The ALS Group can help

  • We work closely with organizations to help them understand where they are susceptible to data breach exposures
  • We advise senior leadership and engage the proper IT experts to qualify and quantify cyber risk
  • We shepherd the process to secure insurance, brokers, and products to mitigate cyber risk

ERM | Risk Appetite and Risk Tolerance: The Path to Informed Decision Making Now, we’ll begin looking at the “big picture” viewpoint of risk, starting with identifying and prioritizing risks...

Contact Us

The ALS Group - New Jersey
379 Thornall St., 9th Floor
Edison, NJ 08837

Tel: +1.732.395.4250

Featured Article

HOW IS RISK MANAGEMENT & INSURANCE FACTORED INTO YOUR STRATEGY FOR 2017?
Albert Sica, Managing Principal, identifies the key risk management initiatives and issues organizations should be thinking about in 2017.