In the event of a cyberattack, companies – especially small to mid-sized businesses – often face losses so great they risk pulling their business under. With the number of ransomware attacks, phishing schemes, and data breaches on the rise, it only makes sense that business leaders and owners take steps to protect their businesses by investing in insurance – the same way they would protect company property and assets. Cyber insurance, or cyber liability insurance, is a specialty insurance that aims to cover the financial losses that organizations have as a result of ransomware attacks, data breaches, and other cyber…
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