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Why Small Businesses Should Get Cyber Insurance: Benefits For Gilbert Companies While you’re off enjoy your summer vacation, Insurance Brokers of Arizona want to remind you that a hacker’s favorite season is phishing season, and it runs all year round! That’s why the insurers have released their new video ‘Is Cyber Insurance Worth it?’. It explains what cyber insurance covers and addresses the key reasons why businesses need it. According to Cybercrime Magazine, cybercrime now inflicts more than $6 trillion USD of damages annually, with this figure set to rise by 15% to $10.5 trillion by 2025. Small businesses are now the target of 70% of cybercrimes and the average cost of an attack is $55,000, due to the need to pay for professional services and the cost of downtime. Insurance Brokers of Arizona's video is for you if you run a company that deals with sensitive data, like dates of birth, credit card numbers, or social security numbers. In the current climate of hackers, ransomware, and malicious software infections, it is very easy for your business’ sensitive data to become compromised. That's why you need a licensed cyber insurance agent who understands cyber risks and can identify the coverage your business needs to protect itself from this threat. Go to https://youtu.be/5L- zkRyHas0 to find out more.
