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Almost half (41%) of small businesses experienced a cyber attack in the past year, according to the Hiscox Cyber Readiness Report 2023. The most common type of attack was phishing, but hackers ...
Because the cyber insurance market in many countries is relatively small compared to other insurance products, its overall impact on emerging cyber threats is difficult to quantify. [1] As the impact to people and businesses from cyber threats is also relatively broad when compared to the scope of protection provided by insurance products ...
The Small Commercial Business segment of AmTrust provides worker's compensation to small businesses which operate in low and medium hazard classes. Included in this class are restaurants, retail stores, physicians and other professional offices. They also offer commercial package and other property and casualty insurance products to small ...
Cyber liability: For businesses that sell or store customer information online, cyber liability insurance is a must. If your information — or your customers' details — are compromised, cyber ...
Proper insurance coverage protects your small business from unexpected circumstances and costs. Yet, according to the 2023 Hiscox Underinsurance Report, 75% of small businesses in the U.S. don’t ...
This is intended to encourage adoption by businesses wishing to bid for government contracts. [11] Insurers have suggested that certified bodies may attract lower insurance premiums. [12] Over 30,000 Cyber Essentials certificates have been awarded to businesses and organisations. [13]
Marc Kramer is an American serial entrepreneur, business book author and journalist. He founded the country's first formally organized investor angel network, the Pennsylvania Private Investors Group, now called the Private Investors Forum, [1] [2] and the country's first cyber bank insurance product for small businesses, Commercial Deposit Insurance.
Cyberattacks on businesses are rising, including small businesses. According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type ...
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