Why Cybersecurity Cover Matters?
Data breach is getting costlier. The global average cost of a data breach climbed to $4.88 million in 2024 in the United States, a 10% jump in just one year. Moreover, Attacks keep rising. Seven in ten U.S. companies reported an increase in cyber-attacks, even small firms are not
spared.
An uncovered breach can drain cash reserves, stall operations, and erode customer trust overnight. Cybersecurity Insurance is designed to stop the bleeding fast, and fund a full recovery.
Who Should Carry Cybersecurity Insurance?
Any business that stores customer, employee, or patient data—from e-commerce shops to medical practices.
- Firms that rely on cloud platforms or SaaS tools for day-to-day operations.
- Companies that accept electronic payments or process credit-card details.
- Organizations bound by data-privacy laws (GDPR, HIPAA, CPRA, etc.).
If your laptops, servers, or smartphones touch sensitive information, you face cyber liability.