Hacker on laptop sending out scams and committing cyber attacks

Minimize cyber attack damages

Authored by Bukaty Companies on January 10, 2020

The security of your business is dependent on each employee recognizing cyber scams and risks and responding appropriately. Most successful hacks occur due to human error, and these data breaches come at a high cost, so don’t take the chance. Proactive protection is critical.

Cyber / data breach insurance is not just for organizations of a specific size; because every business has a cyber footprint, all companies are susceptible to cyber attacks. Aside from the obvious concern of your data, there is a financial burden that comes with a system breach. Costs could include

  • data / system reconstruction,
  • legal fees,
  • forensic experts,
  • regulatory investigation or fines,
  • ransomware,
  • a third-party privacy or network security lawsuit, and
  • more.

Insurance can mitigate these costs, which stack up fast. Cyber insurance covers everything listed above as well as business interruption, funds transfer fraud, and fraudulent theft of personal funds. In fact, the coverage is so essential, many companies require it for professional partnerships.

Cyber hacks are random and frequent. Without proper coverage, you remain unprepared. Call our Property & Casualty division at 913.647.3946 to learn more.

Blog Category: Business Solutions

BUKATY PODCAST

Episode 5: The future of employee benefits

Listen to this podcast and discover how employers are utilizing online benefit management platforms to save valuable time and money. Employees love the ease and convenience an online system has over traditional paper enrollment. It’s a win-win for all!

Episode 4: The power of data analytics

Data analytics can serve as a powerful cost-containment tool for your organization's benefit program. Done right, analytics can illuminate the origin of high health care costs and opportunities for improvement. This episode will examine what it means to analyze data and how a proper analysis can benefit your business.

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.

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