Are you looking to apply for cyber insurance?

The year 2021 saw ransomware attacks rising by a jaw-dropping 92%. And 22 billion records were exposed across 4,145 publicly disclosed attacks. Considering that a breach will cost companies an average of $4.5 million, the need for cyber insurance has never been so high. But what is cyber insurance exactly, and is it right for your business and industry? In this article, we will try and answer the questions most frequently asked about cyber insurance. 1. What exactly is cyber […]

Top 3 Reasons Cyber Insurance Policies Make Sense for SMEs Threat actors don’t discriminate and often leverage advanced attacks that are deployed continuously, ready to hit companies that may not have the resources, technology, or awareness to properly defend themselves. This often results in SMEs taking the brunt of these attacks. As a result, almost half of all small businesses admit to having been victims of cyberattacks in the last twelve months. Yet, despite this increase in risk, small businesses […]

It’s no surprise that data breaches and cyberattacks are on the rise. The Identity Theft Resource Center issued a press release in October of 2021 saying that the number of data breaches that had occurred in 2021 through September had already surpassed the number of attacks in all of 2020 — a year in which small businesses saw a 424% increase in cyberattacks. What’s worse is that adversaries don’t discriminate and they’re using the same tactics against businesses big and small. […]