Given the goings-on since our last post, we need to discuss the importance of disaster preparedness for small businesses. According to FEMA.gov, almost 40 percent of small businesses never reopen following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. I find that unacceptable, especially because it can be prevented in many cases.
Small businesses, like yours and mine, might be in an attacker’s sights. This is a solid reason to transfer cyber risk through insurance. It may mean purchasing a standalone cyber liability policy or amending your company’s existing policy to include cyber coverage.