When a company is at risk for financial loss due to data breach or other cyber events, cyber liability coverage provides protection. Most companies nowadays use computers to receive, store, and send electronic data. Data can include tax records, client information, sales projections, and more. When in the wrong hands,
As the global marketplace expands and comes online, the risk of a cyber attack grows. Regardless of your business size, you could be at risk for a data breach. The Travelers cyber risk lawsuit should give business owners pause in relying on their general liability policy to cover a cybercrime.