Monthly Archives: August 2021

No one can deny the countless advantages technology has given businesses across the globe. However, it is also important to remember the risks that technology opens up for businesses. For example, an extremely competent cyber-criminal or distracted employee results in customer or corporate information exposure. In the wrong hands, this information could be abused, leading to ruin for the affected company. Cyber security insurance is a vital tool to protect your company from many of these liabilities that technology opens up. Here are five scenarios where cyber liability insurance could save the day. Deep Freeze A deep freeze is not a form of cyberattack, rather a human error committed by an employee. Deep freezes occur when a company’s website or network completely freezes due to a mistake. When a deep freeze occurs, customers will be unable to use the website to complete transactions. As a result, your company’s reputation will suffer, and you will lose tons of revenue in the process. Large Scale Hack and Data Breach The skill of hackers should never be understated. A skilled hacker could hack into your company’s network and have access for months. While in your network, the hacker could wreak havoc by stealing... Read more