As a business, you are probably aware of the term, cyber insurance. With the cybercrime rates rising consistently, cyber insurance is increasingly becoming a necessity for survival. Here are a few things to consider before you sign up with a cyber insurance service provider. Risk analysis First, p

Cyber insurance covers a wide range of elements, the most basic being the legal expenses incurred as a result of falling victim to cybercrime. This includes legal fees, expenses, and even any fines that you may have to pay or financial settlements that have to made with your customers or third par

What is cyber insurance With cybercrime becoming a major threat to businesses across the world, irrespective of their size, cyber insurance is fast becomingmore of a necessity than a choice. However, the concept of cyber insurance is still fairly new and not many small and midsize businesses (SMBs)

One of the errors many smaller firms make--and some larger ones--is that they really don’t understand the broad-reaching effects of a cyber attack. If someone breaks into your home and steals a laptop, you may think “ well, insurance will pay for the laptop and the broken lock, let’s move on.