In Europe, 68% of companies do not have an estimate of the financial impact of a computer attack, and only 25% have a business continuity plan in the event of a cyber criminal attack.

From hackers to a group of activists or even dissatisfied internal staff, computer threats can impact an entire organization at any time.

Currently, companies rely mainly on technology to protect themselves, but the lack of adequate insurance coverage exposes you to risks relating to brand image and reputation, data integrity, regulatory compliance, stakeholder satisfaction and company finances.

Entities operating in the sports and events industry are also not immune to data breaches. On the contrary, the fact that they have large volumes of sensitive and personal data on their members or customers makes them all the more vulnerable. It is therefore important for them to take a comprehensive approach to risk management in order to reduce IT and cyber risks as well.

As part of a comprehensive cybersecurity assessment, that is, minimizing and modeling risks within your business, ask yourself the following questions:

• Is your information secure?
• Have you quantified the IT risks?
• What are the potential impacts of cyber attacks on your business?
• The lack of control over suppliers and external companies makes your networks particularly vulnerable: is your company well prepared?

Types of cyber attacks

Malware: What is it?

Malware including spyware, ransomware, viruses and worms. A network is compromised when a user clicks on a link or attachment in an email that installs dangerous software.

Interceptor attack: What is it?

Also known as a middle host attack. This occurs when a hacker interferes in a transaction between two parties. For example, a hacker can intercept communications between a visiting device and an unsecured Wi-Fi network. All information is thus transmitted to the hacker, without the knowledge of the parties.

Phishing: What is it?

A tactic of sending fraudulent communications that appear to come from a trusted source, usually via email, and that aim to obtain sensitive data or install malware on the victim's computer.

Denial of service attack: what is it?

This type of attack overwhelms systems, servers, or networks in a way that depletes an organization's resources and bandwidth, causing the organization to no longer respond to genuine demands.