Why Every Business in Connecticut Should Have a Cybersecurity Strategy
A good cybersecurity strategy can go a long way, especially when keeping your business afloat and preventing major liability. Viruses, SQL injections, and phishing are just a few cyber threats businesses must acknowledge. Indeed, companies must be hypervigilant about cyber liability and all of its potential consequences. Formulating a cybersecurity strategy is one of the best ways to accomplish this. Choosing the right business insurance in Connecticut is equally essential.
Creating a Cybersecurity Strategy for Businesses in Connecticut
See why your business needs a cybersecurity strategy and a robust insurance policy for protection.
Business Insurance in Connecticut Doesn’t Always Cover Cyber Liability
When shopping for insurance for your business in Connecticut, it’s important to remember that policies don’t always cover cyber liability. It might be surprising in the 21st century when threats are constantly concerning, so you should seek an insurer that extends coverage to the most common online risks. It is another reason why it’s imperative to have a cybersecurity strategy in place. Even if your coverage includes cyber risks, you need a plan to prevent those risks from materializing.
There Are New Cyber Threats Emerging All the Time
Unfortunately, cyber liability is a moving target, so developing a one-and-done strategy for eliminating these risks can be challenging. Instead, prevention demands that you continuously stay up-to-date regarding the recent developments in the field and implement new protocols when new threats emerge. Cybercriminals have exploited vulnerabilities in smart devices to manipulate businesses and access privileged information over a long period. When new threats like this emerge, it’s time to revisit your cybersecurity strategy and ensure that your business insurance in Connecticut offers the proper coverage.
You Must Protect Your Business and Your Clients
You might be wondering why it’s so essential to prevent cyber attacks. Cybersecurity is a significant vulnerability for every business in Connecticut, and it affects more than just your company. Businesses almost always keep records of transactions, typically including details of your customers’ personal data. You could face massive liability if a cyber attack results in a data breach. Investing in a cybersecurity strategy is thus essential to shield your clients from compromise.
Cyber Liabilities Can Be Financially Devastating
If a data breach happens due to a cyber threat, there are major financial consequences to consider. Litigation after such events has led to hundreds of millions of dollars in settlements. Business insurance in Connecticut may cover costs associated with a cyber liability event, but many small and medium-sized businesses cannot weather the stress of a substantial lawsuit. A cybersecurity strategy will allow you to identify potential threats, implement solutions, and develop a recovery plan if the threat comes to fruition.
Invest in the Best Business Insurance in Connecticut
The threat of cybercrime is lurking in the background of your business. This reality can feel daunting as a business owner, but there are ways to combat the most common liabilities. Securing the right business insurance in Connecticut is the first step, and creating a comprehensive cybersecurity strategy is the next step.
About Byrnes Agency
At Byrnes Agency, we offer insurance solutions that can be tailored to meet your specific needs. Whether you’re looking for personal policies or commercial coverage, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.
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Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm
Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm