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Cybersecurity, and Why It’s Important.

By July 23, 2021March 22nd, 2022No Comments

Keep Your Data Safe. Get Cybersecurity Insurance.

Whether it’s personal or business, everything important is stored or processed online these days. This is the case even more so since the pandemic pushed everyone into their homes and all lines of communication became digital. While the convenience and accessibility is incredibly important, putting our lives and businesses online has created an Achilles’ heel that many hackers are using for their own benefit.

Hackers are getting smarter as technology advances. Just in 2021, there have been large attacks that have dramatically affected the United States. Startling examples include the cyber attack on the Colonial Pipeline this May that cost the company a $5 million ransom, and the cyber attack on JBS, the world’s largest meat processing company, that caused factory shutdowns world wide.

While it is more unlikely that small businesses or the everyday man would be targeted for these kinds of attacks, it still happens. Leaving yourself open for an attack is dangerous, and buying cybersecurity insurance can protect you in the worst-case scenario.

What is Cybersecurity Insurance?

Cybersecurity insurance covers businesses and individuals against threats to online risks and liability. This can include things like coverage for data breaches, identity theft, and personal data theft. The core tenet of this insurance is helping people and companies recover from disastrous financial data hacks or personal data breaching.

If you’re a business, consider what your company needs protected the most. Protecting clientele information might be the first step you want to take with cybersecurity insurance. This would ensure that you would be covered in an incident in which client information, such as credit card numbers or Social Security numbers, is leaked. From there, protecting your own company’s information, as well as your employees’, might be on the top priority list. Figuring out what kind of coverage you need will help determine the best plan for you.

If you’re thinking about getting coverage for yourself, consider what is most important. Identity theft has become even easier with all our data being online. Keep yourself and your financial information safe through a plan that covers online data breaches. Just like a business, finding a plan that works best for what you need is incredibly important. Talk with an agent to decide what type of coverage might be best for your household.

Cyberattacks are scary, but there are ways to protect yourself and your personal information. Keep in mind, buying cybersecurity insurance is only part of the job! Make sure you’re doing everything you can to protect your data on your side as well. From complicated passwords to careful management of data, there are plenty of ways you can protect your information from being easily stolen.