Cyber Crime, What can we do?
Cyber attacks are escalating in frequency and intensity, as seen by the worldwide ransomware attack, WannaCry. The attack has wreacked havoc on hospitals, schools and offices across the globe. Is your business at risk too?
Cyber threats are expanding from hackers stealing customer account information, to attacks meant to disable a company's website. Any of these attacks can be dabilitating to a business. The cost to get your sytems back up and running along with the loss of billable working hours on top of notification and responce to customers that have been affected can be more than a business can shoulder. What can you do?
With technology growing at an exponetial rate, Cyber Protection has never been so importnat to a business. This is because no one is immune to the effects of a Cyber loss. Companies in greater numbers are seeking financial protection through skillfully written cymber liability coverages. When entertaining coverage options there are a few areas that stand out as priority.
- Digital Crime
- Eleectronic transfer of funds
- Telephone toll fraud
- Cyber extortion
- Deceptive transfer
2. Breach Liability
- Privacy liability
- Website media liability
- Regulatory
- Payment card industry (PCI)
3. Breach Rectification
- Data breach team
- Business interruption
- Digital asset loss
If we wait for our systmes to be compromised to take action there, is very little that can affordably be done to rectify the damage. Lets take a few minutes to discuss how a Cyber Protection Package can safe guard your business.
Sincerely,
Jesse C Biretz, Vice President