Editorial Note: Due to a reporting error, astatistic was inproperly attributed in an earlier version of thisarticle. Cybersecurity Ventures has predictedthat cybercrime costs will reach $6 trillion annually by 2021, notErnst & Young, as was previously reported.
During a July 26, 2017 hearing before the U.S. House ofRepresentatives Small Business Committee, Chairman Rep. SteveChabot (R-Oh.) stated that cyber threats have become a criticalconcern for the country's 28 million small businesses, with theJustice Department recording nearly 300,000 cybersecuritycomplaints in 2016 alone.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
