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The Small Business Guide to Cyber Insurance

Insurance can be a fickle thing.  

 

If you’re unlucky enough to be in a car accident, it can be as much of a life-saver as your seatbelt and airbag systems. But often, policies can feel redundant or over the top, like when you got that volcano insurance 

 

The reality is insurance is more than just coverage in the case of an accident or problem. And cyber insurance, in this volatile and uncertain internet age, is more of an answer to your concerns than you know. 

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How to Protect Your Business From This $43B Scam

We hate click-bait titles so here’s the gist quickly. 

 

First, the FBI recently reported business email compromise attacks were up 65% from July 2019 through December 2021 and totaled $43 Billion dollars – that’s BILLION with a B – in reported losses from June 2016 through July 2019.  

 

Additionally, if you and your team do business on the internet, you are at risk. Okay, that sounds click-baity, too, but it’s absolutely true. We’ve said it over and over. There are plenty of proactive options to build a strong strategy. 

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Small Business Hit with $150,000 Ransomware. Here's What Happened Next.

This is a true story of a small company that got ransomware. We'll tell you how it happened, and what choices the company ultimately made. Then, we'll explore the question, "was there a better way?" 

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Most Common Cyber Attacks Targeting Small Businesses in 2020

Did you know that 43% of all cyber crime is directed towards small businesses? This is due to a number of factors, but mainly because a majority of small businesses still refuse to take a proactive approach when it comes to cybersecurity. As long as SMBs are willing to sit back and allow hackers to target them, the number of attacks on small businesses are only going to continue to increase. 

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