No one is Immune
According to Fortune magazine, the majority of small-business owners are not worried about being the victim of a cyberattack, with 56% stating they are not concerned about being the victim of a hack in the next 12 months, according to a 2021 CNBC Momentive Q3 Small Business Survey. And 24% said they were “not concerned at all.”
This false sense of protection from cyberattacks does not match the rise in malicious digital events that Americans are facing, according to Ayrapetov, who is emphatic that cyberattacks are universal and that everyone is vulnerable.
“By having an online presence by doing things online, everybody from individuals to organizations are automatically in the cybersecurity discussion,” Ayrapetov told Fortune. “It’s something that should be woven into the fabric of every organization and not as an add-on or an afterthought. Hackers will continue to attack the most important asset, which is data, and everyone needs to take steps to be proactive.”
Why do businesses need cyber liability insurance?
Cyberattacks and data breaches are expensive and increasingly common. Small businesses often have weak cybersecurity, which makes them an attractive target.
A cyberattack isn’t just an inconvenience – it can put you out of business. In fact, 60% of small businesses go under within six months of a cyberattack. Cyber insurance coverage helps your business recover from financial losses caused by cyberattacks and data breaches.
- Coverages can include: Expenses to notify affected individuals of the breach.
- Legal and forensic costs to determine the extent of the breach and how best to respond.
- Services to impacted individuals such as credit monitoring, a help line and identity restoration case management.
- Access to data security resources for your business.
- Crisis resolution for your business.
Call us today at (423) 292-4142 to make sure you have the coverage you and your business deserve. Don’t have time to pick up the phone? If you submit a quote form on our online Service Portal, one of our awesome team members will contact you within one business day to complete your free, no-obligation quote! Click Here to get an assessment for your company
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