If your business has millions of excess cash and a crisis department dedicated to damage control, your business may not need Cyber insurance. If your business falls into the 95% category, and you do not have these resources, Cyber insurance is a must. Cyber attacks on companies’ information systems and data have reached unprecedented proportions,…Read more
Despite Risks, Few Small Businesses Worry about Data Breaches
As the number of data breaches involving smaller businesses continues to grow, a survey by The Hartford finds 85% of small business owners said a potential breach of their own data was unlikely, and many are not implementing simple security measures to help protect their customer or employee data. “Most of the business owners surveyed…Read more
Ransomware Is Major Threat Facing Businesses
Ransomware is turning out to be the biggest cyber threat facing companies in 2017 after attacks more than quadrupled in 2016 from the year prior, according to a new study. If you are not familiar with this fast-evolving cyber threat, typically the perpetrators will essentially lock down your database and/or computer system and make it…Read more
Cyber Insurance and Why Your Business Needs It
If you’re reading this blog, you’re concerned about protecting your business from cyber attacks and you should be. Cyber liability is no longer nice to have. It is a must have for businesses. Many businesses do not understand just how important cyber insurance is or why they need it. One of the most common targets…Read more
Cyber Liability Insurance
On April 20, 2011, someone hacked the Sony Playstation Network. They found an opening in the online video gaming network’s password-reset system and penetrated the security protecting its customer database. Days later, the company admitted that the hackers had obtained personal information on 70 million or more subscribers. The hackers got names, physical and email…Read more
Cyber Liability Insurance
Research indicates that 75 percent of data breaches occur at small and medium-sized businesses, and that ninety-five percent of these data breaches are caused by hackers, rogue employees, or the loss or theft of equipment. And you don’t need to be a high-tech company to be susceptible to a damaging data breach. Any business, of…Read more
