Five ways to protect yourself against ransomware with backups.
The best way to protect yourself against ransomware is to ensure you have high-quality data in a backup that can be restored. Below we examine some of the most important factors to consider. Ransomware is the fastest-growing cybercrime threat today. Last year, ransomware attacks outstripped theft of payment card information, according to security firm Trustwave. […]
What is Cyber Insurance?
Cyber attacks are rising by the second, and businesses, both small and large, are at risk. There’s no need to look beyond today’s headlines to see why cyber liability insurance is essential for businesses today. Garmin is still recovering from the network outage affecting its website and several customer facing applications caused by a ransomware attack. And, similarly, […]
What Is Cyber Risk?
The more we evolve as a species, the more technology we create. And in today’s modern world, that technology keeps us connected and online. But as we spend more and more of our time—both work and personal—online, the more risks we see that can lead to financial loss, business disruption, and even reputation loss. In […]
The Cost of Cyber Insurance
The cost of cyber insurance is determined by a variety of factors including coverage limits, the size of your company, industry-specific risk, history of claims, and existing security measures. In 2019, the average cost of cyber insurance in the United States (the country that is most often targeted with cyber attacks) was about $1,500 per year […]
Cyber Insurance for Small Business
Fortune 500 companies are not the only ones at risk of cyber attacks. A small company in Kentucky with just eight PCs recently paid $150,000 (down from the initial $400,000 demand) to gain back control of its own systems and resume business as usual. Despite the company’s up-to-date systems, all it took was one fatal click of […]
