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.
