Why Every Business Owner Should Take a Look at Cyber Insurance (Real Estate - Home Insurance)
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Item ID 2460727 in Category: Real Estate - Home Insurance
Why Every Business Owner Should Take a Look at Cyber Insurance | |
With cyber-attacks on the rise, and more sophisticated than ever, it has never been more important for businesses to consider purchasing cyber insurance. The costs of not doing so could be far greater.Data breaches and other malicious cyber activities can have devastating consequences, including costly data loss and reputational damage. The average total cost of data breaches in 2022 was $4.35 million, according to the IBM/Ponemon Institute report. The report also found that it takes an average of 277 days for security teams to identify and contain a data breach. Nearly two in three midsize organizations have suffered a ransomware attack in the past 18 months. In fact, 47% of all U.S. businesses suffered a cyber-attack in some way in the past year. The average cost of those attacks were $18,000 in 2022, up from $10,000 in 2021. When looking at the various types of cyber insurance policies, business owners should consider what type of coverage is best suited for their particular needs. As part of any risk management strategy, cyber insurance can provide an important line of defense against attack vectors like malware or ransomware. For businesses that store sensitive customer data like credit cards or other personal information, cyber insurance should be seriously considered – even if they’re not required to do so by law or contractual obligation. https://www.insuranceproaz.com/why-every-business-owner-should-take-a-look-at-cyber-insurance Get better coverage and lower rates on Arizona homeowners insurance. Protect your house, condo, townhome, and apartment. Call (480) 981-6338. Contact Us: Insurance Professionals of Arizona 3521 E Brown Rd #101, Mesa, AZ 85213, United States https://www.insuranceproaz.com/ +1 (480) 981-6338 info@insuranceproaz.com https://goo.gl/maps/5447nVB7zrAZsp7E6  | |
| Target State: Arizona Target City : Mesa Last Update : Nov 29, 2023 6:06 AM Number of Views: 75 | Item Owner : insurance Professionals of Arizona Contact Email: Contact Phone: (480) 981-6338 |
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2024-04-30 (0.392 sec)