Just about any organization that uses technology to do business faces cyber risk. And as technology becomes more complex and sophisticated, so do the threats we face - which is why every business and organization needs to be prepared with cyber liability insurance.
Due to ongoing reports of high profile data breaches and cyber-related losses, cyber security has become a top priority. Cyber liability insurance protects against growing cyber and technology risks such as:
- Loss or inadvertent disclosure of confidential private information, like clients' or employees' social security numbers, bank account numbers, or credit card numbers.
- Computer viruses or hacking resulting in damage/disruption to computer systems or theft of private information.
- Extended protection against things like regulatory fines and penalties and expenses from business interruption.
Remember, if your business stores confidential financial and personal records of employees and clients then cyber liability insurance is a must.
Be prepared, don't wait for a breach.