Cyber Security Business Insurance: You need it now more than ever

More than ever before, businesses need cyber security. Cyberattacks are more frequent than in the past. Hackers are attacking individuals, businesses, and government entities.

It seems no one is untouchable when it comes to hacking. You always face a chance of a cyberattack. Your business needs cyber security business insurance.

You Don’t Know What to Expect

If your business doesn’t specialize in technology, you likely don’t know what to expect from cyberattacks. Hackers are growing more sophisticated. They’ve mastered how to manipulate your employees to fall for phishing scams.

With only a few clicks, hackers can compromise systems that have multiple layers of protection. Even if they fail on a first attempt, hackers use unsuccessful attempts to develop a better strategy for the future.

Hackers Are Diligent

Hackers often work in teams around the clock when they hack. While you are sleeping, they are hacking. While you are completing your payroll, they are hacking. Most businesses don’t have the resources to thwart a cyberattack.

In a recent DDoS (Distributed Denial of Service) attack that affected the East Coast, hackers were able to deny users access to the Internet for hours. The hackers used millions of IP addresses to shut down the servers of an Internet company called Dyn. They demonstrate their ability to develop new ways to hack protected systems.

Hackers Have More Experience than the Average IT Professional

This may seem counter-intuitive, but hackers are experts. They’ve finessed their skills over the years. They know more about IT than the average IT manager.

In recent years, hackers managed to outsmart IT professionals working for the government. With their level of expertise, hackers can easily handle in-house IT departments. They know what they are doing, and they won't stop.

How Cyber Security Protects Your Business

Although hacking is a problem, you can’t wait for hackers to attack. You have to buy cyber security business insurance to protect your business.

With cyber insurance, you’ll have the means to recover if hackers attack your business. You will also have access to experts who know what to do to minimize the fallout from a hack. Purchasing cyber security is one of the best ways to ensure your business can continue operations following a hack.

Cyberattacks are the new normal. Even though there are steps you can take to reduce your chances of getting hacked, the best prevention is cyber security business insurance.