10 REASONS TO BUY CYBER LIABILITY INSURANCE
10 REASONS TO BUY CYBER LIABILITY INSURANCE
1. Complying with breach notification laws costs time and money
2. Third party data is valuable and you can be held liable if you lose it
3. Data is one of your most important assets yet it is not covered by standard property insurance policies
4. Systems are critical to operating your day to day business but their downtime is not covered by standard business interruption insurance
5. Cyber-crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies
6. Retailers face severe penalties if they lose credit card data
7. Your reputation is your number one asset, so why not insure it?
8. Social media usage is at an all-time high and claims are on the rise
9. Portable devices increases the risk of a loss or theft
10. It’s not just big businesses being targeted by hackers, but lots of small ones too