Top O' Michigan Insurance Solutions

 Cyber and Privacy Liability - A Growing Business Threat

Virtually every organization faces data and cyber risk especially those that rely on technology to do business. By 2021, it is estimated that 35 Billion devices will be installed worldwide. With so many connected devices, data and cyber risk is an exposure that modern businesses cannot escape. When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with the financial impact on business interruption, lost revenue, data retrieval and recreation, fines and litigation, and the negative press your business receives. On average, it will cost a U.S. organization $225 per record breached. You can reduce this exposure and cost by taking extra precaution, providing training and supporting with the correct insurance solution. Check out this video to learn more about this insurance option:

Cyber exposures aren't going away and, in fact, continue to escalate every day. It's not if you'll be a victim of a data breach, but when. Businesses need to be prepared in the event that a cyber attack strikes. To learn more about cyber liability insurance request a quote or contact us today!

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Data and Cyber Security

Cyber Risk Heat Map from CFC

Check out this great infographic on cyber risk from cyber experts, CFC here!

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