Lisa and the Law

Cyber liability insurance coverage is NOT really optional

In a recent AZBigMedia article, Mastercard was quoted as stating that 46% of small to medium-sized businesses have experienced a cyberattack. These attacks can be devastating to a business if there is a total data loss or critical systems are held hostage. With employees working from home, there may be even more exposure as home wi-fi networks and other unsecured devices may offer a gateway to hackers. Be sure to evaluate your cyber security systems and protocols and be sure to purchase cyber insurance to cover your business losses in the unfortunate event that you are hacked.