Cybersecurity-becomes-a-new-standard-of-protection-Bukaty-Hubsopt-Summer-2021

Cybersecurity becomes a new standard of protection

Authored by Bukaty Companies on August 17, 2021

As more businesses move to fully remote or hybrid work models, hackers are taking note. The spike in cyber scams and threats correlates to the boom in at-home workers and online business.

Cybersecurity coverage is an effective weapon not just for those who have brought their business online, but for all those who have any form of online presence. There are billions of dollars at stake – 86% of data breaches in 2021 were financially motivated. Cybercrime costs organizations millions of dollars in its wake. It’s estimated that cybercrime cumulatively costs organizations up to $2.9 million per minute. Dealing with the fallout of a data breach or cyber ransom is costly, which is why fortifying your organization’s security measures and investing in cybersecurity coverage is essential.

“Businesses are now routinely adding cyber insurance to their coverage lineup,” said Dan Bukaty, president of Bukaty Property & Casualty Services. “The cost of coverage is small in comparison to the cost of the fallout from a data breach or cyber ransom.”

Individual cyber protection coverage also is growing in popularity. These coverages offer dark web monitoring for personal information, identity theft protection and protection for those who fall victim to internet attacks and scams.

Bukaty Companies can help keep your employees and organization protected. Reach out to your benefits consultant to discuss how cyber security coverage may be right for you. 

 

Blog Category: Benefits, Compliance

To the Point podcast logo

BUKATY PODCAST

Episode 12: Enrich your company's HSA benefits

Uncover the hidden benefits of health savings accounts (HSAs). Our in-house expert reveals why HSAs are the fast-growing employee benefit.

Episode 11: Regulation changes to know in 2020

Our compliance officer recaps the more significant regulatory from 2019 that will affect your business in 2020. 

Episode 10: Lower costs with a dependent audit

Verifying plan membership is valuable to your company's bottom line. As much as 10% of dependents on your plan could be ineligible for group coverage! Learn more about conducting a dependent audit in your organization.

Episode 9: Make open enrollment a breeze

Bukaty experts share their thoughts on how to avoid open enrollment complications. Planning and communication are key.

Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

Don't leave your managers untrained and unprepared. This episode explores the importance of training your company leaders and how it can be detrimental to your business if you don't.

Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

Register for the Webinar