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Munich Re
HSB WHISTLESTOP Edition 11/2017
Risk Solutions
For Our Partners
HSB cyber survey shows half of U.S. businesses hacked
View our infographic on increase in cyber attacks and costs
More than half of U.S. businesses (53 percent) experienced a cyber attack in the past year and 72 percent of the targeted businesses spent more than $5,000 to investigate each incident, HSB's latest survey of data and information risks shows. The nationwide poll found that more than a third of the hacked businesses (38) percent spent more than $50,000 to respond: 10 percent spent $100,000 to $250,000, and seven percent more than $250,000.
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Hartford Steam Boiler
In this issue
» HSB cyber survey shows half of U.S. businesses hacked
» Don't forget to back up your business data
» Your website can trigger a discrimination claim
Don't forget to back up your business data
Often, the most expensive and time-consuming parts of dealing with a cyber attack or the failure of data equipment is the recovery of important information. It's always best to back up your data and to store the information in multiple offsite locations. You also need cyber insurance that offers broad coverage and services including data recovery and restoration.
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Your website can trigger a discrimination claim
Does your business have a website? You may be exposed to a discrimination claim if the disabled don't have access to online services. It's the latest employment practices liability exposure as attorneys and activists extend the rules from the workplace to virtual space and beyond.
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Recent Paid Claim - Ransomware infects medical manufacturer
A ransomware virus spread through the systems of a medical equipment manufacturer, infecting computers and servers. HSB's cyber insurance paid to recover data that was encrypted and to replace proprietary software that was corrupted.
Total Paid Loss $33,599
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Hartford Steam Boiler
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P.O. Box 5024
Hartford, CT 06102-5024
1-800-HSB-1866 (1-800-472-1866)

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