- Cybercrime is affecting all sizes of businesses
- You should consider cyber insurance coverage
The full version:
I receive a weekly newsletter from the host of one of my websites. Recently every addition has had something about cyber crime. Clearly it’s on the rise and small businesses are targets as much as any other business.
As I mentioned in a post about the same topic some time ago, cyber insurance is something I wish I’d had about 16 years ago when my e-commerce site was hacked. It took two months of downtime and $8,000 to restore the two hundred or so vandalized files.
According to the broker who told me about cyber insurance, it’s relatively inexpensive and easily added to a regular business policy.
So, as I wrote before, given the extent of cybercrime nowadays, if you’re doing business online, cyber insurance is something you should call your broker about today. If you’re already covered, it wouldn’t hurt to revisit the policy to make sure that the coverage is adequate—it could save you a lot of frustration, lost business, and money.