One in four businesses has experienced a cyber event …

Whether identity theft involves credit cards, bank accounts, business or personal loans, government benefits, or other types of transactions; it carries significant risk of financial loss to the victim.

Even when there is no direct monetary loss, addressing the consequences of stolen personal information can take months of complicated work with banks, utility companies, medical offices and others.

How many businesses that you know can handle a two-week shut down?

Any Business is vulnerable to Cyber attacks through Ransonware.

The risk of a cyber attack is increased when employees are often working from home, which are typically on individual personal routers.

What is Ransonware, some may ask?

Ransomware begins when you open a link in an email that unknowingly contains a virus. The virus immediately begins encrypting files, paralyzing your computer network.

Files are not unencrypted until you pay a ransom, often demanded in cryptocurrency.

Cyber liability insurance covers financial losses that result from data breaches and other cyber events, such as Ransomware.

Here are some first-party coverages you are likely to find in a cyber liability policy. These reimburse the business for costs it's already incurred.

• Data restoration
• Loss of income and extra expenses
• Cyber extortion
• Notification costs
• Crisis management

Other Features include:

• Underwritten by A+ rated (A.M. Best) carrier
• Limits up to $3M
• Free incident response services

Westrock Insurance offers a comprehensive cyber insurance program built for businesses: 

• Third Party Liability
• System Recovery
• Notification Expense
• Regulatory Fines

Most Companies, also offer tips to help you manage your computer and technology risks resulting from data loss, data breaches, denial of service attacks, malware, viruses and more.

If you are looking to cover your business against Cyber attacks, please call our office today 845-638-2300.