Ways Cyber Liability Insurance Cushions Businesses Against Cyberattacks
The technological advancements in recent years have pushed companies to use computers in their business operations. It has benefited companies by streamlining their operations, enhancing efficiency, and boosting the businesses' productivity. For instance, Covid-19 has forced firms to rely on technology for networking, cloud storage, and remote access to combat the pandemic challenges. However, incorporating various technologies into the business exposes it to cyber security threats. Cybercrimes against large corporations are becoming popular, with hackers targeting businesses for trade secrets, private company data such as contracts and business plans, and personal client information.