Cyber insurance has a long reputation as a privacy liability product for businesses that hold sensitive data–but privacy exposure isn’t the only risk facing businesses today. In fact, cybercriminals are increasingly targeting traditional industries, such as those providing professional services, that hold almost no sensitive data at all, whether through ransomware attacks that halt operations or business email compromise scams that result in wiring payments to fraudulent accounts.
Our cyber risk heat map was built from data relating to 2,500 cyber claims we’ve dealt with in the last two years as well as trends that our incident response team is witnessing externally. This color-coded graph ranks the severity of the professions industry’s exposure to business interruption, privacy, and cybercrime and includes a few examples of how these exposures can play out for different types of organizations.
