13 Jul Cyber Exposure Scorecard
According to the Identity Theft Resource Center, data breaches increased 40 percent in 2016, with a total of 1,093 reported breaches. This trend continued in 2017, with over 1,120 cases reported by October. Businesses, both large and small, are increasingly reliant on the internet for daily operations, creating attractive and potentially lucrative targets for cyber criminals.
With such heavy use of and reliance on computers and the internet by both large and small organizations, protecting these resources has become increasingly important. Learning about cyber-attacks and how to prevent them can help you protect your company from security breaches. Today, you also need to understand the complexity of a robust cyber insurance policy.
Cyber insurance has become an essential component to any risk management program. The level of coverage your business needs is based on your operations and can vary depending on your exposure to risk. A robust cyber insurance policy can offer a number of important benefits, including the following:
- Data breach coverage
- Business interruption loss reimbursement
- Cyber extortion defense
- Forensic support
- Legal support
- Coverage beyond a general liability policy
Cyber exposures aren’t going way. Assess your level of cyber risk with our complimentary cyber risk exposure scorecard. Contact us Today!
Barrow Group’s agents are ready to help you start protecting your company and its assets from the risks threatening your success. We specialize in crafting insurance solutions tailored to your unique needs. Click here to contact us or email us at firstname.lastname@example.org today.