Just about any organization that uses technology to do business faces cyber risk. As technology becomes more complex, so do the threats we face – which is why every business and organization needs to be prepared with cyber liability insurance. At EBIA, we understand the complexity of cyber threats and have cyber liability insurance solutions to help protect your business assets.
While large companies make the headlines, the reality is 1 in 3 documented data breaches occur in businesses with less than 100 employees. What’s more, 60% of small businesses close their doors within 6 months following a cyber-attack.
If your business handles customer data or processes payment transactions, you’re at risk of a cyber-attack. No matter the number of customer records, your bottom line could be impacted by legal defense costs, settlements, lost business, notification costs, and more.