The beginning of October marks the start of the ninth annual National Cyber Security Awareness Month (NCSAM) – is your company prepared in the event of a disruptive computer virus, a damaging loss of data or an unexpected intrusion by computer hackers? As organizations increasingly incorporate the use of laptops, smartphones and tablet devices into the success of their businesses, the potential dangers of cyber risk become much more prevalent.
A recent press release from PR Newswire highlights the importance of mitigating cyber risk. According to the press release, ninety (90) percent of Americans surveyed believe that Internet security is vital to the country’s overall economic well-being; fifty-nine (59) percent of American workers say that their jobs rely on a secure Internet and over three-quarters of those surveyed said that losing Internet access would disrupt their work productivity. Businesses are becoming more and more concerned that their employees and clients are exposed to identity theft and breaches of privacy. An independent Risk Management Consultant can provide your organization’s senior leadership with the transparency they need to assess the potential financial and reputational harm that cyber attacks and fraud can cause. By carefully reviewing your company’s exposures and implementing proper risk mitigation procedures, such consultants can help boost your organization’s bottom line by lowering its Total Cost of Risk (TCoR).
At The ALS Group we take a multi-dimensional approach to risk and work with our clients to help them find the proper policy to insure against cyber risks as well as identify and address potential vulnerabilities in their best practices. If you would like more information on cyber risk mitigation or cyber risk insurance options, do not hesitate to contact ALS’ Managing Principal Albert Sica at 732.395.4251 or at [email protected].
