(Credit: Nationwide) (Credit: Nationwide)

When it comes to cyber preparedness, less than half of small business owners feel ready to prevent an attack and just 28% of these businesses reported having cyber insurance.

ALM Small Business Adviser logoThat’s according to a report from Nationwide, which also found that 40% of small business owners believe a cyberattack would cost less than $1,000. Further, 60% said it would take fewer than three months to fully recover after an attack. Nationwide reported cyber claims typically see between $15,000-$25,000 in recovery costs and the average recovery time is slightly longer than nine months.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.