Once considered a luxury, or something needed only by big business and the wealthy, has become an everyday necessity. Yet another thing revealed by COVID-19.
Do you or your business have this important policy?
Do You Need Cybersecurity Insurance?
The Deccan Herald reports that our connected world became even more dependent on technology with COVID-19. That makes having the right Cybersecurity Insurance policy a necessity.
As more people use the internet for work and access social media, the article reports that cyber threats have increased. Hackers use spyware, ransomware, and phishing emails. Each of these is an attempt to get you or your business’ information. Then, they leverage this information to extort money, steal identities, or post malicious information that appears to come from the victim.
In order to find the right cyber policy, individuals need to ask the right questions. Some of these include:
- What is my exposure on social media, etc.?
- What is the potential damage to my reputation?
- How much coverage can I afford?
CPO Magazine said one of the first things businesses need to know about Cybersecurity Insurance is: There is no “secure.”
The battle against cyber criminals is constant. Businesses safeguard their information, upgrade their servers, and develop strict security protocols.
At the same time, hackers and other criminals are working on new ways to break through your defenses. Whether it is tricking employees with fake emails or sending a link to a virus, they are always working.
As part of you cyber risk policy, your insurance should include coverage specific to your business and its vulnerabilities. This may include the type of information your company collects. It could include the ways your company interacts with customer and employees, such as providing free Wi-Fi or enabling electronic payments.
Working with the Keating Agency, we can help you develop the right personal and business cyber risk insurance. We work with more than two dozen insurance companies, so we can work with them to craft policies for your specific needs.
The Keating Agency has been your local, independent insurance agency for more than 50 years. We always have your best interests at heart.
Contact us. We’re here for you.