cyber insurance

Modern Risks to Modern Businesses

Over the last twenty years, the way that businesses run has changed significantly. For the modern business, the internet has opened up a world of possibilities. In most cases, using computers and the internet to run a business is a convenience. Unfortunately, with this new way of running a business, there are also new risks that many aren’t as aware of. Are you aware of the kinds of cyber risks to your company or that you need cyber insurance? Here are some of those risks.

Lost Devices

Have you ever thought about what might happen if you were to lose your laptop or phone? Anyone might end up with access to your business files. This can end up a huge security breach for you and your business. This is where cyber insurance comes into play.

Spear Phishing

Spear phishing is usually done through a seemingly innocuous e-mail. This e-mail contains a Trojan that can steal all customer or employee data. This can cost your business a fortune, not to mention it can hurt your reputation if you don’t take care of it right away. Cyber insurance helps cover you in the case of a data breach.

Business has changed over the last couple of decades. With these changes, new risks have come up and it’s important that you’re covered against them.