Does Your Business Have Adequate Insurance for a Cyber Attack?

QUEENS, N.Y. - Feb. 17, 2021 - PRLog -- It has been reported that approximately 60% of small businesses that suffer breaches will go out of business within the year. It's more important now than ever for small businesses to take the proper measures to ensure the safety of their customers' data and to prevent any cyber instances from happening.

Increase in Attacks

Cyber Attacks currently reign as the fastest growing form of crime. In addition to security and reputational repercussions, these attacks can often cause significant financial disruption--with global cybercrime costs estimated to reach a startling $6 trillion during 2021.

Because of the 2020 pandemic and beyond, communication technology will continue to adapt. Remote working, using Teams or Zoom have become everyday tools…some of these short-term changes will turn into long-term habits. Whatever the trend, small businesses need to protect their investments with system security and, a disaster recovery plan.

Ransomware attacks

JackieR, Be Smarter Than Your Phone Cyber Security Podcast has spoken on Phishing, Smishing, Malware and Viruses. There has been a noticeable increase in the number of suspected 'double extortion ransomware' attacks. This is where data is encrypted and a ransom demanded (essentially stealing the data), but also threatens to upload the data online if their terms are not met; thus, Ransomware.  Cyber criminals are adapting, being more aggressive and manipulative in the way they attack, using trial and error to see what works and how they can best extort money.

Cybersecurity Insurance

JackieR has partnered with Insurego USA Agency LLC to bring you a Zoom Meeting discussing the need for businesses to understand the difference between Technology E&O and Cyber Liability Insurance. On Sunday, February 28th at 11:30am EST, Jacqueline will interview Denise Dominguez, owner of Insurego Insurance to detail the differences and why a small business should seriously consider purchasing additional insurance.

Register for this Zoom Meeting Here | Seating is Limited
https://www.eventbrite.com/e/cyber-security-for-small-biz...