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Cyber Coverage a Must for any Business
Posted on: March 31, 2025 by Karen Vuletich
In today’s data-driven world where sensitive information
is stored and transferred electronically, organizations of
all sizes are vulnerable to costly and damaging liabilities
from data security breaches that are occurring at
alarming, and growing, rates. According to the Privacy
Rights Clearinghouse*, U.S. businesses of all types
suffered 2,372 breaches since 2005, compromising more
than 515 million data records, including those containing
customers’ private information and companies’ financials.
Whether a firm’s data is compromised by a hacker, virus,
cyber thief, or simply because of lost or stolen computers,
laptops, flash drives and smart phones, data breaches
can have serious ramifications. There are substantial
financial costs involved in finding and remedying a
breach, including the cost of notifying customers – now
legally mandated by 46 states – possible fines and legal
expenses. The company can also suffer immense damage
to its reputation and from the interruption to business.
Give us a call or send us an email to discuss your cyber needs!
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