Cyberattacks spike 35% during holidays – Chubb

Cyberattacks spike 35% during holidays – Chubb | Insurance Business

Cyberattacks spike 35% during holidays – Chubb

Retailers typically see a 35% spike in cyberattacks during the holiday season, according to a report by Chubb. The company’s most recent Cyber InFocus reports that the risk of cyberattack isn’t lessening – there has been a 116% increase in reported retail cyber claims since 2011.

“While cyber risks are on the rise, the nature of each risk differs greatly by industry and by company,” said Michael Tanenbaum, Chubb executive vice president for North American financial lines. “With more than two decades of cyber claims data, Chubb is able to help clients gain deeper insights into the risks that most affect their specific organization and industry.”

“We are constantly assessing our claims data in order to provide the best guidance to our clients on the trends affecting their organizations,” said Anthony Dolce, vice president and cyber lead for Chubb North America financial lines claims. “The Cyber InFocus reports are just one of the ways we help our clients understand their exposures, so they can better develop risk-mitigation strategies to reduce the impact to their businesses.”