Does Your Company Need Cyber Insurance?
All of the phishing and ransomware headlines over the last year have led to a more pointed question – what if someone uses your own technology against you for their profit? Ransomware alone
is predicted to cost companies $5 billion in 2017. Factor in data theft, security breaches, and phishing emails aimed at your company’s accounting department, and the internet begins to look
like a very dangerous place.
Like any other time new or massively growing financial risks confront companies, insurers are increasing their policy writing to protect companies against this threat. But what threat does
cyber insurance cover? And does your company need it? Click here to learn more about cyber insurance and whether it makes sense for your company’s cybersecurity plan.