COVID-19 has created unprecedented working situations for
businesses. Many are rapidly trying to grapple with their employees
working from home.
Cybercriminals are using these unprecedented times as an
opportunity for online scams and attacks. Businesses need to be
hypervigilant.
There are many ways a cyberattack can cause business loss; data
loss; hacker theft, business interruption; breach response costs
and consultants' costs; privacy complaint costs and potentially
third-party liability amongst others.
If you don't have a Cyber Insurance or Cyber Liability
Insurance policy, different insurance policies in your suite of
business policies may respond to different types of loss. Even if
your business does have a specialist cyber policy, the best option
is to avoid cyberattacks altogether, if at all possible.
