Cyber-attacks hit businesses every day. Former Cisco CEO John Chambers once said, “There are two types of companies: those that have been hacked, and those who don’t yet know they have been hacked.” According to the Cisco Annual Cyber Security Report, the total volume of events has increased almost fourfold between January 2016 and October 2017. **
Cyber intrusions are becoming more commonplace, more dangerous, and more sophisticated. Our nation’s critical infrastructure, including both private and public sector networks, are targeted by adversaries. American companies are targeted for trade secrets and other sensitive corporate data.*
Cyber-crimes continue to rise and often attackers are looking for ransom. Are you prepared if this were to happen? 53% of cyber-attacks resulted in damages of $500,000 or more.**
So what does this mean to you? Well, if you are a small business owner and do not have any type of cyber security coverage, it is worth a conversation with your insurance agent. To protect everything that you have worked so hard to build, it is definitely worth the time.
To learn more about cyber-security threats and how having the right insurance policy can help protect your business contact us today.