Because a single breach can cost up to $188,000 USD according to a recent study. You legally have to notify your customers and vendors if their information gets stolen, which won’t sit well with them. And, you’ll likely need to offer free credit monitoring.
Add all that up and it can quickly sink a ship.
HELPING SMALL BUSINESSES:
Cover for extortion response expenses and payment of ransom.
Pays for the cost of notifying people whose data has been accessed and a help desk for inquiries.
The expense of providing credit and ID theft monitoring for affected persons is covered.
Cover for the cost to restore damaged software and data.
Cover to help you manage your reputation following a cyber attack.
Covers cyber attack investigation and response costs, plus any regulatory obligations.
You’re covered for loss of income caused by a cyber attack.
Additional business expenses caused by a cyber attack are covered.
(Including Regulatory Penalties and GDPR) Protects you for defence expenses and damages you owe for not properly protecting data. We’ll cover your regulatory fines and expenses, including GDPR penalties.
You’re covered for expenses and fines when card data in your possession is compromised.
Remember: a cyber hack on your clients small business is not an IF, it’s a WHEN. Offer them protection today!