'Catastrophic Damage' From Cybersecurity Attacks Worries 62% Of Business Owners: Zscaler, CrowdStrike Stocks React

Quick Summary:

"The findings speak to the business community's greater awareness of cyber threats and the catastrophic damage, both operational and financial, a cyberattack can have on a company," said Tim Francis, enterprise cyber lead at Travelers.

Almost two-thirds—62%—say they worry some or a great deal about cyber risks, according to The Travelers Companies’ 2024 Travelers Risk Index, released on Tuesday.

"What's troubling is that while more businesses are securing cyber insurance as a tool to mitigate vulnerabilities, many still elect not to — despite knowing the risks".

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Article Details

Author / Journalist: Michael Juliano

Category: Technology

Markets: United States

Topics: Travelers Risk Index Benzinga CRWD Cybersecurity Top Stories Stories That Matter Ransomware US85207U1051 ZS Entertainment Cyber threat S Tim Francis Tech TLS General

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 20:07:02 (4 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22699516

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

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Year Established: 2010

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Coverage Areas: United States

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