Businesses rely on technology more and more each day. While many small and medium sized business owners think that only big brands are the targets of hackers, the opposite is true. Hackers often find that limited funds for security and other actions, like using default passwords, make smaller companies more attractive and lucrative targets.
Data breach and cyber liability coverage protects your business from the fallout related to data breaches that may include identity theft, theft of property, or access to personal and/or financial information. Specific things that are included in many data breach and cyber liability policies include assistance with legal fees, judgments, reputation management for your business, identity theft monitoring for victims, and any settlements reached.