Blog: Building resilience in an age of cyber risks
Developing resilience to cyber liability is now a significant task for businesses of every size. But according to Paul Bassett, managing director of crisis management at Gallagher, the rise of cyber and IT security risks, malware viruses and data breaches present particularly acute challenges to the UK’s smaller companies, many of which do not have a dedicated IT or risk management function
Research carried out on the incidence and impact of crisis events among UK SMEs found data breaches, cyber-attacks and cyber extortion accounted for 15% of all crisis events in 2018, more than double
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