Cyber Insurance is a rapidly growing market, and small- to medium-sized businesses are driving that growth. Ari Vared, Senior Director of Product at CyberPolicy, explains that as SMBs gather more data to leverage business decisions, they also need to be more aware of cyber risks and be prepared for an incident.
In today’s digital business landscape, cyberattacks and devastating breaches occur almost daily, and no organization, big or small, can rest easy. CyberPolicy analyzed data from insurance carrier partners and small business customers, and deduced the following five trends that demonstrate the significant momentum of cyber insurance.
Most small businesses think that they can’t or won’t be the victims of cyber attack — that fraudsters and hackers are only interested in going after large corporations. Think again — and consider these 5 best practices when you do.