The internet is always evolving, and new cyber threats continue to emerge at a record pace. Having IT support can play a key role in keeping your business in Irvine safe and well-protected against these evolving threats. Many insurance experts regard cyber risks as a greater threat to businesses compared to fraud or theft. Choosing to invest in cyber liability insurance can protect your company if it becomes the victim of a data breach or a cyber attack.
Here are a few of the most common reasons why your business can benefit from cyber liability insurance:
1. Accidental Release of Confidential Information
As Orange County IT services experts note, a data breach can happen due to a careless employee or because of a cyber attack. Investing in cyber liability protection will give you much-needed peace of mind while also covering the financial loss due to the release of confidential information.
2. Viruses and Malware
Cybercriminals are continually looking for new ways to create viruses and malware. And your business may become the victim of these cybercriminals, but in case, cyber liability insurance can cover the losses due to these attacks.
Downtime in the workplace can cost your business a significant sum of money in only a short amount of time. Downtime can also happen due to a wide range of reasons, whether it is malfunctioning hardware, natural disasters, cyber attacks, or employee errors. Cyber liability insurance will cover your business during this emergency situation.
4. Identity Theft
Identity theft is an all too common problem that impacts businesses of all sizes. IT support providers in Irvine can educate your employees on the dangers of identity theft in the workplace. Investing in cyber liability insurance will also give your company an extra layer of protection against the damaging impact of identity theft.
5. Denial of Service (DDoS) Attacks
A DDoS attack focuses on shutting down your network by flooding it with traffic. Network downtime makes it impossible for your employees to work and can cost you a lot of money. Cyber liability insurance can cover this dire scenario to help your company quickly bounce back from such a malicious attack.
The above scenarios are a few examples of why cyber liability insurance is a smart option for businesses. At Technijian Corporation, we provide comprehensive IT support solutions for Irvine businesses. Our goal is to educate and inform our clients of the latest tech and cybersecurity news in the industry. Feel free to contact us if you would like to know more information about cyber liability insurance.