Liability for loss of customer or employee information must be covered separately. Don’t wait until a breach of data occurs, get liability insurance today.
High profile companies seem to be at a greater risk, but small businesses are equally exposed, and hackers know that the small and medium sized businesses often lack the dedicated resource to protect against cyber attack. In fact, a recent study showed that 72% of all data breaches occurred in an SMB. What’s the cost of a cyber breach? Hard to give an accurate estimate but the total is clearly in the millions of dollars.