Responsible businesses do all they can to protect their data from threat actors, but sometimes hackers can breach even the best defense. When they do, you better believe those businesses are grateful to have cyber insurance.
If you think cyber insurance is unnecessary, you may want to reconsider your position — especially if you run a small business. Hackers generally seek the path of least resistance, so small businesses have a target on their backs because threat actors think they’re easier to infiltrate. And it’s not just the price of fixing the breach, but the disruption of business that you have to worry about as well. I’ve spoken to customers who said they were down for three days, which is enough to drive some people out of business.
A hacker may choose to go after a data server that has all your customers’ information in it, or they may zero in on a C-suite…
