What is cyberinsurance? Do I need it?
If you get infected with ransomware, malware, get a virus that reeks havoc on your network, or someone breaks into your network and steals something or causes some type of damage, you’re going to have to figure out what went wrong, how they got in, whether they’re still in, what if anything was stolen, etc. All of this is usually done by cybersecurity experts, and they don’t work for free! That’s where your cyberinsurance policy kicks in: it can cover the cost of paying a ransom should you choose to do so, recovery costs from breaches, even cover the costs of having to contact everyone affected by a breach of your systems if required. As to whether you need it, that’s ultimately your decision, but we highly recommend that some type of cyberinsurance is a component of your incident response strategy, whether you’re a company of 2 or 2,000.
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What is cyberinsurance? Do I need it?
If you get infected with ransomware, malware, get a virus that reeks havoc on your network, or someone breaks into your network and steals something or causes some type of damage, you’re going to have to figure out what went wrong, how they got in, whether they’re still in, what if anything was stolen, etc. All of this is usually done by cybersecurity experts, and they don’t work for free! That’s where your cyberinsurance policy kicks in: it can cover the cost of paying a ransom should you choose to do so, recovery costs from breaches, even cover the costs of having to contact everyone affected by a breach of your systems if required. As to whether you need it, that’s ultimately your decision, but we highly recommend that some type of cyberinsurance is a component of your incident response strategy, whether you’re a company of 2 or 2,000.
