Even minor incidents can disrupt an organization in major ways. Cybersecurity insurance can help you recover from financial losses caused by cyber incidents such as data breaches, system hacking, ransomware payments, and denial of service.
Any business that stores their own financial data or any personal customer data such as phone numbers, credit card numbers, or Social Security numbers either online or on a computer are at risk of a cyber attack and may be helped by obtaining a cybersecurity insurance policy.
As the number of attacks continues to grow, insurers have started intensively scrutinizing their clients’ cybersecurity practices and operational security. They are expecting policyholders to do more than just protect their data and systems. To ensure your organization has the right level of insurance when you need it most, it is critical to prepare for the application process itself.