Consider These Factors Before Investing in Cyber Insurance for Your Business
Cybersecurity isn’t just a big business problem. While huge corporations like T-Mobile and Microsoft have made headlines with recent data breaches, smaller companies have also found themselves increasingly at risk. A recent report from the cybersecurity firm Sontiq found that in 2021, the data breaches posing the greatest risk to consumers were those launched against small businesses. Meanwhile, the breaches themselves are getting more costly. In fact, a 2020 analysis by Cybersecurity Ventures estimates that cybercrime will cost businesses $10.5 trillion globally by 2025—a huge increase from just $3 trillion in 2015. With the…
Read More