In the constantly evolving digital landscape, cybercrimes and attacks are on the rise. Data breaches are more common than ever, resulting in fines and legal fees for both large and small companies across the United States.
Cyber insurance is meant to protect any size business when a data breach involves sensitive information such as social security numbers, credit card numbers, account numbers and health records. These policies will assist with legal fees and in notifying customers of a data breach, restoring personal identities of those affected and repairing computer systems.
Other services offered include credit monitoring for those affected and cyber protection to defend against viruses and malware, as well as the cost of restoring and recreating data. An affordable option, cyber insurance will defend a business against cyber disruption and extortion, breach of privacy and financial loss.