Every day, another business in the U.S. becomes the victim of a cyber attack. In many cases, the organization has all the correct tools in place and the attack is defeated. In other cases, companies aren't aware that they've been hacked until their customers or vendors inform them. The costs can be enormous, and a small to mid-sized business may never recover.

In response to the heightened awareness of cyber risk, companies are developing benchmarks and establishing best practices. Risk managers, along with IT professionals and others, are creating successful programs to keep their organizations safe from cyber threats, meeting their critical responsibility.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].