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Middle-market companies show cybersecurity, coverage deficiencies

Many mid-sized firms lack an incident response plan, but a majority are investing in cybersecurity this year.

Around 60% of mid-sized organizations said they regularly conduct cybersecurity training. However, only 9% of employees adhere to security best practices, according to a report from Huntress Labs, Inc. (Credit: Oleksii/Adobe Stock) Around 60% of mid-sized organizations said they regularly conduct cybersecurity training. However, only 9% of employees adhere to security best practices, according to a report from Huntress Labs, Inc. (Credit: Oleksii/Adobe Stock)

Nearly a quarter of mid-sized businesses reported being victims of a cyberattack or were uncertain if they had a cyber breach during the past 12, according to a report from managed security platform provider Huntress Labs, Inc. Mid-sized businesses were defined as companies with 250-2,000 employees in Huntress’ study.

According to Huntress, around 70% of respondents said they are required to carry cyber coverage. However, 35% are finding it extremely difficult to obtain coverage, while 27% of middle-market organizations don’t have any cyber insurance.

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Steve Hallo

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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