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Small Businesses Targets for Cyber Crime, Prospects for Specialty Coverage

Off-the-shelf anti-virus and data-encryption software are far from foolproof, and computer hackers know it. Citing a Verizon study of cyber attacks, The Washington Post reports that cyber criminals are increasingly looking for softer targets like small- and medium-sized businesses that may be less protected.

The data risk management experts cited in the Post’s report recommend that small-business owners consider cyber liability coverage in addition to beefed-up security. These owners must determine whether they’re doing enough to protect sensitive information and whether their standard liability policies would cover first- or third-party losses and damages should a data breach occur.

Read the Washing Post Article Below…

http://www.washingtonpost.com/blogs/on-small-business/post/cybersecurity-insurance-what-small-businesses-need-to-know/2011/12/28/gIQAYlL5MP_blog.html

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