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Sign into your accountCan You Get Protection Against Cyber Fraud?
November 07 2017
Why Cyber Insurance?
With the costs associated with running a business continuing to escalate, additional expenses are hard to justify. Cyber insurance is one of those costs most businesses will gamble on and decide to throw the dice to remove it from the expense sheet.
A PWC white paper says that cyber insurance premiums will reach $7.5 billion dollars by 2020. It further says that "cyber-crime costs the global economy more the $400 billion dollars a year."
This is big money and it will only continue to intensify over time. When evaluating the risk associated with systems being compromised by brute force and phishing attacks, cyber insurance can mitigate cost exposure for a business.
Remember, it is no longer if, but when your system will be compromised.