The numbers are high when it comes to how many companies do not fully understand how important the correct cyber insurance is. Tackling cyber risk is an ongoing process and a knowledgeable broker who has the analytics and cyber exposure expertise needed to determine the correct cyber coverage is key. There is a lack of uniformity among cyber insurance policies and this lack of uniformity can have serious financial consequences for a business owner who is left without coverage for an attack with an average cost of more than $1M. Developing a solid cyberattack response strategy from the start that includes the correct coverage to the periodic training of staff members is your best defense in this constantly evolving arena of fraud.
