Liberty Mutual Reviews

Cyber insurance protects your company from computer-related crimes and financial consequences of threats like ransomware, malware, data breaches and thefts, malicious acts by employees and other events that could damage your network, corrupt data, and impact your reputation and customer confidence. All businesses are digital today, which means that all companies are susceptible to cyber events. These include email phishing, social engineering, ransomware, and other perils. Cyber insurance is necessary if you have a business that relies on digital tools and resources to connect with customers, manage payrolls, manage employee benefits programs, collect customer and sensitive data, or serve customers. Cybercrime includes ransomware, other malware, data thefts and email phishing attacks. Social engineering scams and breaches via the Internet of Things are all examples.

Hiscox can help protect your business against hackers and malware with cyber security insurance for small-businesses. Cyber security insurance protects businesses from computer-related losses and crimes. This includes targeted attacks such as malware, phishing, and the occasional misplaced laptop containing confidential information. You may be responsible for the cost of notifying the affected parties and providing credit monitoring even if the data was not exploited. A ransomware demand could cause you to lose your business or result in a phishing attack. Cyber insurance policies are designed to protect privacy, data, as well as network exposures. There are many regulations and statutes that govern the use and protection cyber security information. Notification requirements for breaches of this information also continue to grow.