When it comes to cyber insurance, there are two types of businesses, those that have been hacked and those that will be. The internet has made business easier, but it has also increased the risks. No organization is immune to cyber attacks, so cyber insurance is non-negotiable in today’s business landscape.
Here are some of the reasons for investing in cyber insurance:
When undertaking insurance for any of your valuables, the policies cover actions that are likely to occur. For example, when you have car insurance, the insurer is taking on a responsibility that should you get into an accident or should your car get stolen, they will cover the repair or replacement costs.