Cyber Insurance…Your Last Line of Defense
Over the past 12 months, we have been going in-depth about the different ways you need to protect your organization from the multitude of cyber threats. The last of the defenses that you should have in place for your organization is Cyber Insurance.
You probably have two questions. 1) What is Cyber Insurance? 2) Why would I need it? You may not know this, but your regular business liability insurance does not cover cyber incidents. Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records.
When you have a data breach, you will need to rely on cyber insurance to cover the costs. But what are the costs? It will cover legal fees, notifying customers about the breach, restoring personal identities of affected customers, recovering compromised data, and repairing damaged computer systems.
When I talk to business owners, many of them think that they are already protected and don’t need additional insurance. Once I start discussing the implications of not having it, a light bulb goes off and they see the light. Cyber insurance is not that expensive and well worth the investment.
Need more details? Feel free to reach out to Mike Clemmons at 317-372-7625 or www.bytecafe.net/about-us/contact-us/
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Knowing that Bytecafe is our partner looking after our security and system needs gives us confidence to focus on our business.
Data is the life blood of our business. Any breach of our security, any threat to the integrity of our data, or any anomalies in our systems poses danger to our mission-critical operations. Knowing that Bytecafe is our partner looking after our security and system needs gives us confidence to focus ...Read More
John P. Young
Young & Young
Their prompt, reliable, professional service means we can maintain the communication technology we promise our members.