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Why Your Business Should Invest in Cyber Insurance Unfortunately, data breaches and other cyber attacks have become far more common in recent years. A quote from the former Director of the FBI, Robert Mueller, puts the growing problem into perspective: “I am convinced that there are only two types of
Introduction: Cyber security is not only critically important for big companies, but many cyber experts believe small and locally owned businesses are also at a higher risk than ever. Nationwide Insurance recently conducted a study that sampled over 1000 small business owners in the United States. Over 75% of small
Impact of cyber attack on your business Companies lost $1.8 billion to cybercrime in 2019, and about 6% of companies report having to pay a ransom to regain control of critical IT systems. According to Infrascale, 46% of all small businesses have been the targets of a ransomware attack.
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