Carriers represented - Allstate, CNA, Hartford, Travelers, Liberty Mutual (Safeco), Utica First, Progressive, National General, Main Street America Group, United States Liability Insurance, Hiscox, Lloyd's of London, and more. Licensed in Alabama, Alaska, Arizona, Arkansas, California (offered in CA by Howard Burkholz Insurance Agency #0K23532), Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennesse, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

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Howard Burkholz

T: 801-451-8880

Chuck Eagleston

T: 801-732-1520

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What Do You Stand To Lose?

November 12, 2017

Of course, money is at stake in any cyber attack — but businesses, especially small ones, often lose much more than that. Security breaches can affect all aspects of a targeted company, from its operations and finance to its brand reputation and customer loyalty.

 

More than half of businesses surveyed that had their data breached were subjected to public scrutiny as a result. They also suffered some measurable losses:

  • 29 percent of businesses that were breached lost revenue; 38 percent of those lost more than 20 percent of their revenues.

  • 23 percent of businesses lost business opportunities after a cyber attack; 42 percent of those lost more than 20 percent of their potential new business.

  • 22 percent of businesses that suffered a cyber attack lost customers; 40 percent of those lost more than 20 percent of their customers.

     

     

     

     

     

     

     

     

     

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