Cyber Insurance pays to help your business recover from disastrous cyber attacks, and to defend against cyber liability lawsuits.
If you operate an SME, there is a 1 in 2 chance your business will be the victim of a cyber attack in the next 12 months. Globally, a business cyber attack costs an average of $200,000 in lost income and IT repairs.
Everyday, tens of thousands of really smart criminals come online to hold ransom, steal from, or even destroy small businesses like yours. Security research shows that 60% of small businesses will fail within 6 months following a cyber attack, because the costs to repair infected systems are punishingly high. And, 60% of those businesses had no cyber protection. Spot the correlation?
Thankfully, you can protect your business against these threats. A good Cyber Insurance policy will pay for IT experts to stop cyber attacks, for replacement/repair to your computer systems, and for legal liability if you lose confidential data.
When your business gets attacked, how protected do you want to be?