Protect Your Ontario Business With Cyber Liability Insurance
All Businesses Can Be Impacted By Cyber Crime
Cyber insurance is required in todays digital world. All business and organizations use the internet in some form which makes them vulnerable to increasingly complex cyber threats. All it takes is one stolen smartphone, a hacked email, or a virus to cost your company. These are not the only costs. A data breach could cost you your reputation and the trust of your customers.
Businesses rely on IT solutions for operations that require protection against cyber risks. From desktop computers, mobile devices, and cloud computing, there is no shortage of things you need to protect. Since no system is 100% infallible, cyber liabitliy insurance will cover potential risks to your Ontario business.
According to the Insurance Bureau of Canada:
"Speciality insurance coverage for cyber liability risks is relatively new to the marketplace. The possibility of cyber liability lawsuits is a reality that every business owner should consider. There have been several very high-profile personal information breaches that affected tens of millions of records and will cost the companies involved millions of dollars."