Cyber Security Solutions for Businesses
Cyber liability insurance covers losses associated with cyber events like an electronic data breach or loss of data. Cyber insurance is increasingly necessary in today’s connected world. A breach of data, or even legal expenses related to cyber attacks, is a costly expense. Cyber hacks cause businesses to lose customers and revenue while gaining fines and investigations from regulators.
Modern cyber-attacks include ransomware, malware, botnets, and worms, all of which are powered by artificial intelligence and target businesses. These cybercriminals target credit card processing, customer databases, and company WiFi to access employee networks and wreak havoc on data. Cyber insurance protects businesses from cyberbullying.