By Karen Reed
This is another in our series of blog posts for business owners.
WHAT IS CYBER INSURANCE?
A cyber insurance policy can help protect your business from the fallout from cyberattacks and hacking threats. Having a cyber insurance policy can help minimize business disruption during and after a cyber incident, as well as potentially covering the financial cost of some elements of dealing with the attack and your recovery from it.
WHO NEEDS CYBER INSURANCE?
If your business stores any form of digital data, you need cyber insurance. These days, this is nearly every business.
WHAT SORT OF ATTACKS RESULT IN CYBER INSURANCE CLAIMS?
Cyber insurance claims can be triggered by many different incidents. Most common are ransomware, fund-transfer fraud attacks and business email compromise scams.
HOW MUCH DOES CYBER INSURANCE COST?
The cost of a cyber insurance policy depends on a number of different factors including the size of your business and its annual revenue. Other factors can include the industry in which you operate, the type of data your business typically deals with and the overall security of your computer network.