The Basics of Data Breaches and Cyber Liability Coverage in Florida

Atlasinsurance24 Nov, 2021Finance

While cybercriminals target both large and small businesses, they are generally easier targets because they tend to underinvest in cybersecurity due to a lack of resources. However, without a robust cybersecurity system, any business will suffer devastating consequences following a data breach. For instance, the average cost of cyberattacks on small businesses in the U.S. is around $200,000. This prohibitive cost makes cyber liability coverage vital for both small and large companies. Here?s everything you need to know about data breaches and cyber liability coverage.