Cyber Liability insurance has become critical for those storing private personal information. The number of attacks is astonishing and there is no other insurance coverage that will apply unless you have a Cyber Liability policy in place.
Besides stealing the personal private information the new threat is holding your system idle or threatening to destroy it if a ransom is not paid
Ransomware remains the most nefarious danger in the industry, with millions of cybercriminals worldwide developing the tools to lock you out of your system on demand and hold your data hostage for ransom. This isn’t a concept from some Tom Clancy production, this technology is here right now and has been used against government organizations, so it’s only a matter of time until someone like you ends up in the crosshairs.
That’s why we recommend the use of ransomware defense products such as Malware Bites and Cryptoprevent to provide a layer of defense against digital crooks, but the most important measure you can take is to establish an offsite backup resource so everything can be up and running within a few minutes regardless of a malware attack. Check out this piece from our friends at Carbonite to learn more about the fight against system-crippling malware.
After 40-plus years of providing insurance, we’ve learned there’s no substitute for experience when it comes to protecting your livelihood. Our team leverages decades of successful insurance experience to ensure you are properly covered against the most common risks effecting you