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Cybersecurity Insurance: What It Is, Which Businesses Need It

According to a recent report, US businesses are more likely to pay a ransom to get their data recovered after a cyber assault. Currently, 71% of those targeted have paid up. Cyber liability insurance can shield your company from the costs of a data breach — and it also covers hazards you may not have considered.

Cybersecurity insurance covers financial damages resulting from cyber incidents such as data breaches and theft, system hacking, ransomware extortion payments, and denial of service. This coverage could be very beneficial for small organizations that store sensitive information online or on a computer.

What does cyber insurance cover? What types of coverage are there? How much coverage does my business need?

The article below answers these questions and more.  As always, you can contact us for more information and cybersecurity solutions for all of your IT needs.

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