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More and more we are seeing headlines about cyber attacks. With the most recent attack affecting thousands across multiple countries, its safe to say we are exposed! No matter how good your anti-viruses and backups are, you will still be at risk as technology has become a critical component of professional life. In the U.S., the average cost for the lost and stolen records containing sensitive and confidential information has increased drastically over the past few years.
Costs associated with cyber attacks include:
-Notification costs: Right after a breach occurs you are responsible to notify all those who’s information was or could have been compromised
-Post Breach costs: Remediation activities and legal fees
-Lost Business costs: The biggest financial consequence of a breach
Would your business be able to survive a hack? As threats evolve, businesses of all sizes should be concerned.
Did you know there is coverage for your business against these attacks? Contact our agency today for a cyber liability quote!
Click the link below to see if you are exposed!