A Guide to Cyber Liability Insurance for Small Businesses

In 2020, there was a surge in cyberattacks, marked by a staggering 36 billion files exposed in data breaches during the initial six months of the year, as reported by Risk Based Security. This escalation in cybersecurity threats, acknowledged by numerous IT leaders and security specialists, underscores the urgent need for organizations to bolster their investments in IT security. Consequently, the significance of cyber liability insurance as a risk mitigation measure for small businesses has become more critical than ever before.