Does Your Business Need Cybercrime Commercial Insurance?

Gemalto recently released information concerning data breaches in 2014. There was a 49 percent increase in data breaches from 2013 with a 78 percent increase in data records stolen or lost over 2013. In 2014, worldwide, there were almost one billion data records that were compromised. As you read this, you’re probably thinking that those kind of things only happen to large businesses like Anthem insurance or Target. If it does happen your business, general commercial insurance in Atlanta will not cover the costs of fixing the breach.

Small businesses are open to data thieves because they tend to be weaker with their online security. If you use cloud services, you may not have strong encryption technology that protects your information. Your customer’s information makes you an enticing target.

Laws that safeguard personal accounts may not apply to your commercial accounts. This makes cyberthreats a real risk to your business. If your bank account is hacked, your money may not get reimbursed. If someone hacks your customer’s data, you could liable for credit monitoring for each of them for up to two years.

Cybercrime commercial insurance in Atlanta is the solution to cover your financial risk. With your insurance, your company will also help you learn how to beef up your cyber-security and protect your data. Make sure that your information is safe and secure. Don’t let cyberbullies steal your business.