As technology becomes smarter & more intergrated into the business world, the real threat of cyber liability increases & the opportunity for information to be loss/stolen becomes a major security risk to all. The “Big Five” technologies such as mobile, social, cloud computing, advanced analytics, & machine-to-machine communication are prone to being breached & hacked into by cyber criminals. Catherine Mulligan who is senior vice president of Zurich North America stated “Anyone who has data or anyone who has a network would benefit because exposures might be different, but the risk is still the same” Companies can suffer irreversible reputation damage if any type of cyber liabilities occur & aren’t properly insured. No matter the size of the company, all should make cyber liability a top priority & protect their confidential client information.
Please read this article which describes the benefits of introducing clients to cyber liability insurance policies.
Please contact Fidens today on what cyber liablity insurance is best for you & your business.