Episode 111: Keys to buying the cyber insurance policy that's right for your business
Ransomware incidents rose sharply in 2019 and that trend only continued in 2020 as the COVID-19 pandemic had businesses shifting to remote work and cybercriminals found more vulnerabilities they could exploit. The right cyber insurance policy could make all the difference if your business is hit by hackers.
With ransomware attacks on the rise more businesses are protecting themselves with cyber insurance policies. These polices can cover the cost of digital forensics, regulatory compliance and even ransom demanded by hackers. So, does your business need a cyber insurance policy? And what exactly should you know as you make decisions about the kind of coverage you need?
We talk with insurance executive Jonathan Stutz of Moreton and Company to give you everything you need to know about cyber insurance.