Cybercrime will cost $6 trillion by 2021. The number of such attacks is increasing – and they are getting more sophisticated in nature. The criminals are now able to bypass even robust security measures. This is a clear indication as to why business owners must invest in cyber security insurance. If their system gets attacked, they will lose money. Depending on the severity of this attack, it can cost them huge to a point that they may even have to shut down the business. There are numerous such examples where the company had to shut following the cyber-attack. More, there are several indirect costs attached to cyber-attack. For instance, if there’s an incident of data breach wherein your customers’ data has been leaked, those customers may decide to sue you for this. Further, incidents such as these hurt the company’s reputation and diminish public’s trust in that brand. This leads to poor revenue. Business Insurance · Why Is Cyber Insurance A Necessity For Business Owners...