Cybercriminals continue to try to wreak havoc on businesses - and the results are staggering:

• The average cost of a ransomware attack is $5 million¹
• It takes an average of 191 days for an organization to discover it has been breached¹

In today’s technology-driven world, it is clear that cyber threats represent a critical and growing risk. Cyber risk is one of the top risk concerns of companies globally, according to CNA’s Risk & Confidence Survey. The loss of sensitive information has caused companies of all sizes to face reputational harm, loss of confidential data and monetary losses for remediation and regulatory fines. Businesses must stay ahead of emerging cyber risks and the security threats they pose.

The key to safeguarding information starts with an effective assessment of the cyber security posture of your organization and an understanding of how to effectively identify, mitigate and respond to cyber threats.

These three steps are the cornerstones of CNA CyberPrep, a holistic program of cyber risk value-added services designed to help CNA cyber policyholders take a proactive approach to cyber threats, understand their unique posture, and then invest and plan accordingly. CNA’s multi-faceted resources will help policyholders prevent losses from a cyber breach incident through mitigation efforts.

I encourage you to learn more about CNA CyberPrep and our suite of cyber liability products. Proper preparedness and risk mitigation tools make it less likely that cyber threats will negatively impact the bottom line of a company.

¹https://www.csoonline.com/article/3153707/top-cybersecurity-facts-figures-and-statistics.html