40 percent of all data breaches occur in organizations of 1000 or fewer employees. When your business experiences a data breach, the costs associated with that breach averages $250.00 per compromised record.
Business Uses for Smartphones
- Access customer information
- Update social media
- Pay bills
- Update contact information
- Pass along client information
All these uses create tremendous liability for your business. According to the experts, over 330 million people use their phones for business. That is a lot of confidential information being passed along the internet superhighway. Having the right kind of business insurance will be one way to reduce your risk and keep you protected.
Here are a few tips to keep your smartphone protected
- Back up your smartphone or tablet data frequently.
- Change passwords monthly.
- Keep current on application updates.
Cyber Liability Options
Cyber insurance is designed to control losses from a variety of cyber incidents, including data breaches, business interruption, and network damage. Just one stolen phone or tablet, one hacker, one virus or even one lost paper record can create enormous financial and reputational consequences for your business.
Our cyber insure can protect not only your smartphones but also your entire network and computers.
- First and third-party coverage
- Financial loss due to a cyber-attack or breach
- Cost to notify
- Theft of information
- Computer fraud