Does your business need cyber liability insurance? The short answer is YES!!!
IBM, the Ponemon Institute and Verizon Communications have some staggering stats for businesses in the United States:
- 2 million cyber-attacks on businesses occur every week
- 62 percent of all data breaches occur in small- to medium-size businesses
- 100,000 customer records are affected in an average cyber-attack
- $300,000: average total cost of a data breach
If you worry about your business being able to survive a $300,000 uninsured data breach claim, please give us a call at 888.926.3564 and we will help you get a cyber liability insurance policy to protect your business.