Any business who stores customer data or processes payments online or through a credit card processing server needs cyber liability coverage.
Cyber vulnerabilities are not the stuff of large tech corporations anymore. Because of this, even mom and pop shops who use credit card processing need cyber coverage. From on-site POS processors to online education sites, nearly every business is vulnerable. Think, do you accept payments online or process payroll through your Quickbooks account?
All businesses carry some risk of cyber intrusion…
Data breaches can happen to anyone and ransomware is prolific.
Global cybercrime losses are estimated at $400 billion per year. While many of us hear about large bank breaches and companies like target, there is a proliferation is small businesses whose data is being silently siphoned form months, or even years, before it is noticed.
Retrieving your company data and rebuilding your systems is time-consuming and costly. In addition to the losses of time and productivity, data breaches can damage your credit, damage your reputation with customers, cost you in service providers restructuring your security, and preventing further losses and possible penalties for improper handling of sensitive financial data.
Don’t risk it. Get Cyber Liability coverage now.