March Business Bootcamp

Cyber Liability 101

If electronic data stored on your firm's computer system is lost, stolen, or compromised, the cost of restoring it can be significant. Moreover, your company may be liable for damages to third parties whose data has been stolen.

Your firm may also incur notification expenses if your state requires you to inform those affected by a data breach. You can protect your business against the costs associated with data breaches by purchasing a cyber liability policy.