Any business owner in today’s digital era is aware that technology can be our best friend or our worst enemy. Although using technology is necessary, it also makes business owners more susceptible to new hazards and security measures – the main threat being cyber liability. Particularly, if a business deals with any personal identification or financial information of clients, appropriate cyber security measures MUST be in place. That’s where we step in to help.
In recent months the awareness of cyber attacks has increased mainly due to large businesses like Target and J.P. Morgan being breached; putting millions of customers’ personal information at risk. A result of this awareness is that across the board, U.S. businesses spent approximately 67% more on cyber insurance premiums in 2014 than the previous year, according to Betterly Risk Consultants. Business owners seem to be understanding the importance of protecting themselves from cyber breaches.