The Consequences of Being Non-Compliant
When a business experiences a data breach and files a cyber insurance claim, the insurance company will typically conduct an investigation to determine the cause of the breach and assess the damages and losses incurred by the business. As part of this investigation, the insurance company will also review the business’s compliance with the terms […]
The Consequences of Being Uninsured
If a small business experiences a data breach without cyber liability insurance, it can have serious consequences. A data breach can result in the theft of sensitive information, such as financial data or customer records, which can lead to financial losses, reputational damage, and legal liabilities. In addition, a data breach can disrupt business operations, […]
The Consequences of Being Underinsured
When a business experiences a data breach and files a cyber insurance claim, it is possible that the policy coverages may be too low to cover the full extent of the damages and losses incurred by the business. This can be a major problem for businesses, as they may be left with significant financial burdens […]