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Cyber Insurance Needs on the Rise in the New Decade

Completing a cyber insurance questionnaire ensures you have a policy that meets the needs of your business. Before you fill it out though you should know why you need cyber insurance in the first place. Even small businesses benefit from protecting their data both on their network and on the internet.

Data Breaches

Norton estimates that over 4 billion records were breached in 2019. This number is half again as much as 2018 making cybersecurity a must for any business operating on a network. The largest breaches include Capital One, DoorDash, Evite, Georgia Tech, Zoll Medical, FEMA and BioStar 2. This doesn’t include the countless small businesses breached throughout the year that didn’t make headlines.

Network Mistakes

Large corporations have made the mistakes this year as in previous years of simply not securing their networks properly. These unsecured databases account for the majority of data breaches. Small businesses are just as prone to making these mistakes.

Cyber Insurance

As seen on www.usrisk.com/, the questionnaire looks at the business’ risk management strategy, data management, network security and history of cyberattacks. These help the insurance company determine how much risk your business poses and can help them provide the coverage you need should a breach happen.

Complete the cyber insurance questionnaire to see how well you are handling securing your data against a breach. Use this information to obtain the necessary insurance and create a more robust cybersecurity process.