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The untold risks of cyber insurance gaps in small businesses

Small businesses are increasingly targeted by cybercriminals, yet many lack adequate cyber insurance, exposing them to significant financial risks. Understanding and securing the right cyber insurance coverage is essential for protection in the digital age.

Insurance

The untold risks of cyber insurance gaps in small businesses

Small businesses are dangerously underinsured against cyber threats, with over 60% lacking adequate coverage. Misconceptions and market complexity leave them vulnerable to average losses of $200,000 per attack. Expert guidance is key to navigating the cyber insurance landscape and securing...

Insurance

The untold risks of cyber insurance gaps in small businesses

Small businesses often overlook the necessity of cyber insurance, leaving them vulnerable to financial ruin from data breaches and ransomware. Despite the growing threat, many operate under misconceptions, risking their future. Cyber insurance not only offers financial protection but also...

Insurance

The untold risks of cyber insurance gaps in small businesses

Small businesses are dangerously underestimating their vulnerability to cyberattacks, with many lacking adequate insurance. This gap in coverage could spell disaster, as the financial and reputational fallout from an attack can be insurmountable. Understanding and addressing this risk is crucial...

Insurance

The untold risks of cyber insurance gaps in small businesses

Small businesses often overlook the importance of cyber insurance, leaving them vulnerable to attacks that can be financially devastating. Understanding the gaps in coverage and how to address them is critical for survival in the digital age.