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.