The Hidden Reality of Cyber Threats
While you might not have heard anything in the news lately about any major hacks just because there hasn’t been any high-profile ones, but the number of breaches and cyber attacks that are happening are actually increasing. According to TransUnion, the major technological monitoring company, the data breach severity is at a record high. And this is the volume and the severity of the breaches. So when somebody gets into the system, they’re going to do more damage now than they ever did. So you want to make sure that you’re up to date and all the best practices for protecting against breaches.

The Smart Approach: Cyber Liability Insurance
As we’ve said before, one of the best ways to get active monitoring of your network is just to buy a cyber liability policy, an insurance policy. Those insurance companies, for the most part, they’re going to put monitoring on your network because they don’t want you to get breached because if they do, they have to pay out. So, they’re going to put basically a free monitoring on your network.

Cost-Effective Protection Strategy
In many cases, the cost of the insurance policy is less than what you would have to pay to get monitoring from an IT company. And if you buy the insurance, it’s almost like getting the insurance for free and just paying for a cheap monitoring. They also provide usually a response team if you do get hit.

Don’t Fall Into Complacency
But don’t be lulled into a false sense of security that you haven’t heard anything because the hacks are going through the roof and the breaches are in the thousands and thousands every year and you don’t want to be the one that gets hit and have liability for your clients, your customers, your vendors, your employees because you did not protect your network and the best practices are out there for you to follow.