Small Business Cyber Insurance Statistics
are not familiar with cyber insurance
who purchase cyber insurance did so after cyber attack
are concerned about being the victim of cyber attack
AdvisorSmith conducted a survey of 1,122 U.S. small business owners and managers to understand their familiarity with cyber insurance and how they are preparing against cyber threats.
Newcore Cyber Insurance Solutions
First Party Damages
Cyber liability insurance provides businesses with financial security against the costs associated with an unfortunate data breach. This helpful coverage can cover a range of operations.
Third-Party Coverage Offered
- Damages to a third-party system
- Network security and privacy liability
- Media liability claims
- Regulatory proceedings and/or fines form regulatory bodies
- Legal costs, settlements, and damage awards up to the limits of the polices
Newcore Cyber Solutions
Data security breaches can be costly and damaging to any business. In a matter of minutes, one malicious hacker could put your operations on pause or expose confidential information – leaving you vulnerable to lawsuits and other consequences that may end up putting an unwelcome strain on financial results. Protecting your network is essential in today’s digital world – don’t risk it!
Cybersecurity is a rapidly growing field, with the global market expected to reach over $300 billion by 2024.
The first recorded cyberattack occurred in 1834, when a group of hackers used primitive electromechanical machines to disrupt a telegraph line.
Many common cybersecurity terms, such as "firewall" and "spam," are named after real-world objects or concepts.
In addition to protecting businesses and governments, cybersecurity is also crucial for protecting individuals, as more and more of our daily activities and personal information are stored online.
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