A digital blue lock While no systemic cyber event so far has been catastrophic enough to rival non-cyber events, the scope of the cyber ecosystem means it’s imperative to consider how to best prepare for and model for these events should digital catastrophe strike. (Credit: putilov_denis/Adobe Stock)

Small and medium-sized enterprises (SMEs) may be unlikely direct targets for large cyber threats, but the interconnectedness of the digital world means they are still vulnerable to the ripple effect of these attacks – especially since many SMEs lack appropriate cybersecurity resources.

Despite being smaller operations, SMEs create almost two-thirds of new jobs and account for 44% of economic activity in the United States, according to Cowbell. Recently, the cyber insurance provider released a new whitepaper – “Modeling Catastrophic Cyber Events” – which aims to help SMEs prevent and recover from potential cyber disasters.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

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