Cyber liability refers to the potential risk and financial losses arising from data breaches, cyber-attacks, or other digital threats to an organization’s computer systems, networks, or sensitive information. This liability typically encompasses costs related to investigation, notification, legal defense, and damages to affected parties.
October is Cybersecurity Awareness Month — the perfect reminder to stay vigilant about your digital safety. From phishing scams to hacked home devices, cyber threats can affect anyone. Learn practical tips to protect yourself at home and work, and see how personal cyber insurance can help safeguard your finances and identity.
October is Cybersecurity Awareness Month—a reminder that cybersecurity is more than an IT issue; it’s essential to business survival. From phishing scams to ransomware, digital threats can disrupt operations and erode customer trust. Murphy Insurance helps businesses strengthen defenses and recover quickly with customized cyber liability insurance coverage.
Employees are commonly targeted during cyberattacks, making them an organization’s first line of defense amid such incidents. For this reason, it’s important to make cybersecurity an integral part of company culture as a valued practice upheld by every member of the organization.
The escalating threat of cyber security crimes and the heightened risk of data breaches underscore the pressing need for businesses to address and mitigate these risks. Despite the challenges posed by rapid changes, proactive identification and management of cyber risks are possible through effective prevention efforts and careful planning, offering a pathway to safeguard your company.
With growing digital threats, businesses using email, websites, or storing customer data face cyber liability risks. Learn how Cyber Liability insurance can help protect your business from costly breaches, lawsuits, and data loss.
A recent white paper by Robert P. Hartwig, Ph.D., and Claire Wilkinson highlights the growing demand for cyber insurance as attacks increase in frequency and cost, with the U.S. market exceeding $3.25 billion in 2016. While insurers are expanding coverage and improving risk assessment, some experts warn that the scope of cyber threats may outpace the industry’s ability to underwrite them alone.
The Wall Street Journal recently highlighted that cybercriminals increasingly target small businesses, with 482 out of 761 attacks in 2010 hitting companies with fewer than 100 employees. To protect your business, consider cyber liability insurance.
If your business uses email, a website, or stores data electronically, it likely faces cyber risks. Cyber Liability insurance helps protect against those risks. Call Murphy Insurance at 800-222-8711 to learn more.
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