A new Hartford Steam Boiler study finds that 90 percent of businesses experienced a hacking attempt last year, up 21 percent from the year before, according to risk managers. Nearly a quarter of businesses (22 percent) saw more than 15 hacking attempts, the survey revealed.
“Hackers are even more relentless,” said Eric Cernak, cyber practice leader for Munich Re, parent company of HSB. “Sixty-four percent of risk managers say they have experienced more than six hacking incidents in the last year — up from 32 percent in 2015. U.S. businesses are under constant assault.”
The survey also revealed that risk managers worry about the risks inherent in Internet-connected devices, with only 28 percent of respondents saying that devices are safe. However, over half (56 percent) continue with plans to use these Internet of Things (IoT) devices.
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Erin is the managing editor of Advisen’s Front Page News. She has been covering property-casualty insurance since 2000. Previously, Erin served as editor-in-chief of The Standard, New England’s Insurance Weekly. Erin is based in Boston, Mass. Contact Erin at [email protected].
