Cyber Insurance is a rapidly growing market, and small- to medium-sized businesses are driving that growth. Ari Vared, Senior Director of Product at CyberPolicy, explains that as SMBs gather more data to leverage business decisions, they also need to be more aware of cyber risks and be prepared for an incident.
In today’s digital business landscape, cyberattacks and devastating breaches occur almost daily, and no organization, big or small, can rest easy. CyberPolicy analyzed data from insurance carrier partners and small business customers, and deduced the following five trends that demonstrate the significant momentum of cyber insurance.
As part of Kabbage’s ongoing effort to help small businesses to be successful, Kabbage recently surveyed more than 800 customers and nearly half (47 percent) plan to invest in cybersecurity products and services in 2018.
We’re living in a new era of cyber-threats - and governments have started to take notice. To protect the information of their citizens, they’re implementing new regulations that hit businesses where it really hurts. Here’s what you need to know.
When it comes to thinking about cyber-attacks, many of the folks running businesses are relying on a heavy combination of faith ("it won't happen to us"), reliance on cyber-insurance ("any losses will be covered"), and the unfounded belief that the long-term consequences won't be that bad ("if it does happen, we'll be back in business in no time"). Alas, every single one of those ideas is simply wrong.