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Cyber Liability

Studies have shown that close to 60% of small businesses close their doors permanently less than six months after a data breach or cyber-attack. Most small businesses think they are at low risk for an attack but reports show that small businesses suffer cyber-attacks much more frequently than large businesses. The impact of a data breach can easily devastate a small to midsize company with $900,000 lost due to business disruptions. Each stolen record can cost the business about $180 per record of compromised data.

Attacks are focused, organized and on the rise. Attacks target personal information and infect innocent legitimate small business websites every day. These infected websites are then often used by the cybercriminal to perpetuate the threat to others, leaving these legitimate businesses compromised on multiple levels. Here are some reasons why your business may be at risk for an attack:

  • Your data, the data you have on clients or, your connection to other’s data is directly valuable to the cybercriminal
  • Cyber-attacks offer a very high return to criminals and are also a low risk venture for them
  • Small Business IT budgets, personnel, tools and software are often limited, which makes them easy targets

Here are just a few of the risks that Cyber Liability might cover:

  • Damages arising out of wrongful privacy, security or multimedia acts
  • Cyber-extortion expenses
  • Expenses resulting from customer notification or regulatory fines
  • Crisis Management and Breach response or remediation costs
  • Restoration of digital assets
  • Loss of business income due to a security compromise
  • Defense, investigation and settlement of claims

We want to make sure that your doors stay open and that you do not become one of the statistics noted at the top of the page.

Call us to speak with one of our cyber professionals to help find the right product to meet your specific needs or submit a quick quote request to have us contact you

Contact Us!
325 Columbia Turnpike
Suite 106
Florham Park, NJ 07932
Tel: 973-538-6300