GT Insurance Blog

Insurance problems and cures

Cyber Liability

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For small and mid-size business, think of two big problems from cyber attacks.

On one side you have the possibility that a cyber attack will steal your business assets. If you don’t know that you have insurance protection against that, you don’t.

The Wall Street Journal recently published an article about one attack on one company.  Over $1M gone because the hackers got into a funds transfer process with weak security.

Another major exposure, and actually larger for most small companies,  is damage to your clients or others where you have collected private information.  Insurance for cyber liability due to release of that information is more complex and relatively uncommon.  It’s out there and if you need advice, give us a call at 1-800-548-2329.

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