• May 14, 2020
    4:00 pm - 9:00 pm

Year after year cybercrime is increasing exponentially.  If you haven’t noticed, state and federal agencies have developed cybercrime units and created new legislation to fight online crime.

  • By 2021, the cost of cybercrime will reach $6 trillion dollars.
  • The average cost per stolen record in America is $220 (that’s just in initial damage)
  • 50% of small and mid-sized businesses reported suffering at least one cyber-attack in the last 12 months.

As technology is utilized more in business, it also becomes a more appealing target in the hacking and cybercrime communities… and there’s no sign of it slowing down.

Because of the unseen nature of cybercrime, it can be easy to overlook it as a threat.

Ginni Rometty, IBM’s former chairman, president and CEO, said: “Cybercrime is the greatest threat to every company in the world.” And she was right. It has become a question of not “if” but “when” you will have a cyber-attack.  As a small business it’s imperative that you know the types of attacks, steps you can take to protect your business, what are your options pay for an attack if you are breached and how do cyber-attacks affect design professionals.

Keith Fuller is a Commercial Risk Advisor in Smith Brothers Insurance’s Design Professionals practice. He has over 15 years of contract management experience and has been focused the last several years educating Design Professionals about risk management practices which includes the latest trends and threats in cyber security. He will give a very informative presentation on this issue at the CALS General Membership Meeting, Thursday, May 14, 2020, at the Lace Factory, 161 River St, Deep River, CT .

 

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