As we develop more complex technologies, it’s becoming very apparent just how risky the internet and digital storage can be. Between electronic malfunction and cyber bullying, your business’s digital data could be facing many risks on a daily basis.
Chances are, you’ve turned on the news and heard a report about a large company that was hacked for customers’ credit card information. Even the government was hacked lately, leaking tax return information to the perpetrators. But what you don’t hear about are the thousands of small businesses that also experience various forms of cyber bullying every day.
About a third of all businesses will experience a data breach each year, which could lead to expensive damages. Not only must you work to recover data if breached, but you must also notify customers and take action to protect them if sensitive information was accessed without authorization.
With the high risk of cyber bullying, it’s worthwhile to speak to your independent insurance agent about cyber liability insurance. This policy is designed to protect you from the costs associated with a cyber-attack, which could stretch into the thousands. Some policies may even cover PR services to help maintain your business’ reputation in the midst of a data breach.
If you’re concerned about the rise of cyber bullying, call our agency to discuss your options. You can often add cyber liability coverage onto your existing business insurance policy to get added protection. And in a culture that is dependent upon technology, a little peace of mind can go a long way.
Protect your business’ interests. Call Alan Galvez Insurance at (937) 592-4871 for more information on Sidney cyber liability insurance.