REALITY CHECK: Did you know the average cost of a data breach for small businesses exceeds $100k? 😱 The financial repercussions go beyond direct losses and can include expenses for lost productivity, patient notifications, and legal settlements, easily surpassing six figures. Even worse, patients may lose confidence and leave. Investing in cyber insurance isn't just an expense; it's a safeguard against potential financial ruin in the event of a cyber incident. 💻🔒 https://lnkd.in/ghSPNPUH #CyberInsurance #Cybersecurity #ProtectYourPractice #CDSPICyberInsurance
CDSPI’s Post
More Relevant Posts
-
Contact us today & Ease your Uncertainties ! Please fill the given form below to know more: https://lnkd.in/diTK_ZVS Ransomware attacks can lock you out of your own data, demanding a ransom for access. With cyber insurance, you get coverage for these incidents, including: - Ransom Payments: Assistance with ransom demands and payment recovery. - Data Restoration: Costs for recovering or restoring compromised data. - Business Interruption Losses: Compensation for financial losses due to downtime. - Legal and Regulatory Expenses: Coverage for legal fees and compliance costs. Stay secure and minimise your risks—cyber insurance ensures you’re prepared for the unexpected. #cyberinsurance #cybersecurity #ransomware #ransomwareattack #ransomwareprotection #cyberprotection #insurance #insurancecover #insuranceindia #insurancebroker #cybercoverage #basketoptioninsure
To view or add a comment, sign in
-
Contact us today & Ease your Uncertainties ! Please fill the given form below to know more: https://lnkd.in/diTK_ZVS Ransomware attacks can lock you out of your own data, demanding a ransom for access. With cyber insurance, you get coverage for these incidents, including: - Ransom Payments: Assistance with ransom demands and payment recovery. - Data Restoration: Costs for recovering or restoring compromised data. - Business Interruption Losses: Compensation for financial losses due to downtime. - Legal and Regulatory Expenses: Coverage for legal fees and compliance costs. Stay secure and minimize your risks—cyber insurance ensures you’re prepared for the unexpected. #cyberinsurance #cybersecurity #ransomware #ransomwareattack #ransomwareprotection #cyberprotection #insurance #insurancecover #insuranceindia #insurancebroker #cybercoverage #basketoptioninsure
To view or add a comment, sign in
-
“On the third day of Christmas, I finally realised… I need cyber insurance! 🎄 Here are three reasons to consider it: 1️ Covers costs of data breaches. 2️ Protects your reputation. 3️ Safeguards against financial loss. Cyber incidents are on the rise – is your business covered? #CyberInsurance #CyberRisk #12DaysOfChristmasTech”
To view or add a comment, sign in
-
Thanks to the almost 500 Brokers who registered for our most recent webinar! During the event, Neal Jardine shared gripping narratives of cyber breaches and the deceiving tactics used by hackers, and how cyber insurance can help small businesses mitigate financial losses. Here’s what was discussed: ✔️ Tech support and fraudulent help desk claims are on the rise. It's crucial to remind clients that personal cyber protection is available, which includes coverage for online fraud incidents. ✔️ Social Engineering, including invoice fraud, remains the most common and popular cyber attack. ✔️ Whether you're buying or selling online, it's essential to get protected. Criminals are actively targeting SME businesses. ✔️ In today's digital age, all businesses run on or rely on cloud systems. Cyber protection is your safety net for when others let you down. Watch the recap here: https://hubs.la/Q02wg82P0
To view or add a comment, sign in
-
Don’t be a sitting duck in the digital age. Protect yourself from the following: ✅Data Breaches: Covers costs associated with recovering stolen data and notifying customers. ✅Cyber Extortion: Provides financial support if hackers threaten to disrupt your operations. ✅System Outages: Helps with recovery costs if a cyberattack takes your systems down. Get a quote today at www.sib.com.pk! 📌 #Cybersecurity #CyberInsurance #BusinessProtection #insurance #insurancebroker
To view or add a comment, sign in
-
Recently, Anne Neuberger, U.S. Deputy National Security Adviser for Cyber and Emerging Technology, expressed concern over insurers reimbursing companies for ransomware payments, arguing that this practice fuels global cybercrime. She suggested that insurers should instead focus on a "constructive" role, such as requiring policyholders to implement strong cybersecurity measures as part of the underwriting process and coverage. I understand her perspective—by covering ransomware payments, insurers may inadvertently encourage cybercriminals. However, I’m not sure the solution is that straightforward. What do you think? Should insurance policies exclude ransomware payments from coverage? #StormReport #Cyberinsurance
To view or add a comment, sign in
-
NFU Mutual’s research with tradespeople shows that theft of tools and equipment is not their only concern. In fact, 70% of them are worried about the risk of cybercrime. Cyber Insurance helps protect businesses against a variety of digital risks they may face. It can provide financial support in case of a cyber incident such as a cyber attack or data breach, and also gives access to necessary expertise such as legal and IT specialists to help respond and recover as quickly as possible. Speak with us today to find out more: 01335 342052 or https://orlo.uk/Pipyl #protectyourself #cybercrime
To view or add a comment, sign in
-
Small and medium businesses (SMBs) often struggle to protect themselves against the growing threat of cyberattacks due to the complexity and costliness of cyber insurance costs and requirements. With DLT Alert, SMBs can confidently navigate their day-to-day, knowing their business and financial assets are protected against cyber risks. Here's how it addresses the challenges and provides embedded cyber insurance solutions. https://buff.ly/3TDOUS6 #DLTAlert #BusinessSecurity #CyberInsurance #cyberwarranty
To view or add a comment, sign in
-
🚨 RANSOMWARE ALERT: Bridger Insurance Services targeted by PLAY Ransomware. The group claims to be publishing organization's data, including private and personal confidential data, client documents, budgets, client databases, payroll, taxes, IDs, financial information, etc., on March 15, 2024. Stay vigilant against cyber threats! #PLAY #Ransomware #DataLeak #CyberAttack #BridgerInsuranceServices #Insurance #InfoSec #CyberThreat 🛡️
To view or add a comment, sign in
-
Cyber criminals want to steal your data, shut down your operations, and wreck your reputation. The right insurance coverage can help your business recover faster. Learn how a cyber policy can save your business at https://lnkd.in/ezZj3PGn #CyberLiabilityInsurance #BusinessResilience #RecoverWithConfidence #HighstreetInsurance #SeePossible
To view or add a comment, sign in
2,376 followers