Not fake news. Cyber risks are real. And growing. And no Canadian business is immune to cyber risk exposures. The reality is…
Nearly one in five (18%) businesses recently polled by the Insurance Bureau of Canada (IBC) confirmed they’ve been affected by either a cyber attack or data breach in the past 24-months.
“A new Leger poll, commissioned by IBC, of 300 owners of small and medium-sized businesses with fewer than 500 employees, showed that 44% of small businesses do not have any defences against possible cyber attacks, and 60% have no insurance to help them recover if an attack occurs. “Small Businesses in Canada Vulnerable to Cyber Attacks – IBC.ca
It gets worse…
“37% of businesses hit by a data breach estimate that the attack cost them over $100,000, while one in five (20%) had no idea of the cost of the breach.”
“Half of small business owners surveyed (50%) believe that their business may be vulnerable to a cyber security attack, and 56% stated that they’re concerned about how a breach could affect their business.”Small Businesses in Canada Vulnerable to Cyber Attacks – IBC.ca
Are you in denial? All too often we hear from non-profit leaders that they don’t believe a cyber hacker would target their organization. Cyber criminals don’t discriminate. Regardless if you are a corporation or a not-for-profit you have assets that criminals want. If you’re collecting, recording or storing data – especially financial, personal or medical info – you are already at risk.
Applying for cyber insurance isn’t easy. The questions are complex. That’s because cyber risk is complex. That’s where we come in. Our experienced brokers understand cyber risks and can help you complete a cyber insurance application. They can help you ensure that your cyber risks get aligned with the best possible insurance coverage.
And for straight-forward cyber risks we have a fully online cyber risk insurance product that you can use at any time of day. Start your cyber risk insurance online application now by selecting your industry using our secure form.
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It’s time to get your insurance aligned. Want Canadian business insurance that’s ALIGNED with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448.
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