Cyber Insurance

What Does Cyber Liability Insurance for Business Entail?

Bad actors sprang into devastating action during the global pandemic, launching cyberattacks on an unprecedented scale. In 2020, 69% of business executives interviewed by Accenture said that preventing enterprise network attacks was a constant challenge for them, and it had an unsustainable cost. In 2021, 81% of the respondents expressed the same views. They’re not

Cyber Insurance

What You Need to Know about Cyber Liability Insurance Policies

Companies that use any type of information technology are a prime target for cyber attacks. Nobody is 100% safe from the ever-growing data breach threat, including small businesses in La Canada Flintridge, CA. According to Florida Trend, ransomware attacks alone can cost a business from a few thousand dollars to nearly $1 million, depending on

Cyber Insurance

A Guide to Small Business Cyber Liability Insurance Policies

Have you considered getting cyber liability insurance for your business in La Canada Flintridge, California? While cybersecurity risk is often overlooked, it poses a huge threat of loss to most companies. If your business collects, stores, processes, or utilizes personal data from your customers, employees, business partners, or any other parties, you never know when

Cyber Insurance

Why You Need to Be a Cyber Resilient Business in a COVID-19 World

Every year, U.S. businesses face several risks, including natural disasters, theft, vandalism, and fire damage, which cause substantial financial harm. That’s why about 25% of businesses fail within the first year, with at least 40% of them never reopening, as reported by the Federal Emergency Management Agency (FEMA). Cybercrime is another threat to businesses of

Cyber Insurance

Cyber Security and Privacy Concerns for Businesses During COVID-19

According to the U.S. Federal Bureau of Investigation (FBI), cybercrime incidents in the U.S. have quadrupled during the COVID-19 pandemic, thanks to the increased rate of internet usage that has rendered digital devices vulnerable. As businesses expand their remote networks to enable their employees to work from home during the pandemic, cybercriminals are also identifying