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cyber liability insurance

How to Protect Your Business From Cyber Criminals

Cyber liability insurance is a type of insurance that protects businesses from financial losses that are caused by cyberattacks. Cyberattacks can take many forms, such as data breaches, ransomware attacks, and denial-of-service attacks. Data breaches can expose sensitive customer data, such as credit card numbers and Social Security numbers. Ransomware attacks can encrypt a business’s data and demand a ransom payment in order to decrypt it. Denial-of-service attacks can make it difficult or impossible for customers to access a business’s website or online services. Cyber liability insurance can help businesses to recover from the financial losses that are caused by… Read More »How to Protect Your Business From Cyber Criminals

Travelers’ Cyber Risk Pressure Test

Risk_ControlPut your data and network security to the test.

What if your business was the victim of one of the 41,000 known computer security incidents per day in the U.S.?* In addition to knowledge about cyber insurance coverage options, you’re likely to be looking d for helpful, cost-effective cyber risk management resources.

When it comes to cyber risk, there is a lot at stake: data, reputation and a company’s bottom line. And every business, no matter the size or industry, is at risk of becoming a victim of an accidental or malicious compromise. This brief interactive quiz, which is mobile enabled, is designed to assist you, the business owner, to quickly evaluate and identity pressure points in your cyber risk management strategy.

Managing cyber risk is not a one-and-done process. Over time, your business may grow and change. Your data may represent new categories of information. Your technology hardware and software may be updated or replaced. Your workforce — both the people who use your data and the team responsible for protecting it — may change. And as technology itself evolves, so do the risks associated with it. Complacency can leave your data, your customers, your bottom line and your reputation vulnerable. Failure to address the risk often results in lost revenue, potential liability and high recovery costs. Implementing, maintaining and enforcing procedural and technological controls to protect your critical data and systems are key to the success of your cyber security strategy.

Read More »Travelers’ Cyber Risk Pressure Test