2023 marks the 20th annual cybersecurity awareness month. Whether you’re protecting your business or your home, it’s crucial to safeguard yourself from cyber events.
Personal Cyber Coverage:
Today’s society has grown increasingly digital in nature, with many individuals leveraging smart devices within their daily lives.
Although this technology can offer various benefits, it can also make individuals more susceptible to cybercrime. Such
incidents have steadily become more common and costly. In fact, the FBI reported receiving more than 800,000 complaints
regarding cybercrimes in the past year, totaling $4.2 billion in overall expenses.
A variety of online platforms have given individuals the ability to stream content, communicate with others, shop for goods, and make electronic payments at the click of a button. Additionally, smart devices have allowed individuals to upgrade a number of household appliances such as thermostats, refrigerators, doorbells, and security systems.
Here are some of the most common cyber incident scenarios that individuals and their families may encounter:
- Bank Fraud
- Identity Theft
- Data Loss
- Extortion
- Cyberbullying
Click here to read more about personal cyber coverage.
Commercial Cyber Coverage:
It is important to remember that businesses must stay cyber-secure to safeguard company data, protect customers’ personal information and ensure employee privacy. Here are a few examples of essential cybersecurity controls that organizations can implement to help manage their cyber exposures.
- Employee Training
- Multifactor Authentication
- Data Backups
- Email Authentication
- Remote Desk Protocol Safeguards
- End-of-Life Software Management
It is important to remember that no organization is immune to the impact of cyber crime, and as a result it cyber liability insurance has become an essential component to any risk management program.
Cyber liability insurance policies are tailored to meet your company’s specific needs and can offer a number of important benefits, click here to read more.
We are here to help ensure you’re protected!
Reach out to us with any questions regarding cyber coverage.
PH: 203.834.5900
EM: info@toofer.com