READ: 4 Minutes
Many service-based businesses have a monthly subscription for their loyal customers to have their equipment inspected and maintained. Consistent cash flow and recurring facetime with your clients is an amazing opportunity to increase revenue! Here’s the kicker: 2021 was the worst year on record for data breaches.
+ Do you currently store your clients’ credit card information on your computer?
+ Do you store names and addresses for your current and past clients?
+ How many email addresses are you keeping in your database?
CYBER SECURITY IS IN THE HEADLINES
Colonial Pipeline, Fastly, and JBS foods are all companies you have heard in the news recently because of cyber breaches that not only affected the
company’s bottom line but you and I as well. It’s not only big companies
anymore, as I know firsthand that many small to medium sized businesses
are being targeted as well. With average downtime at 22 days, what is the cost of 22 days for your business?
+ 22 days for every $1M in revenue is $60,274.06 for total interruption. $2,739.73/day
Although businesses are used to seeing phishing attacks via email, today’s cybercriminals have begun infiltrating companies via communication tools like Microsoft Teams and Slack. Training employees is of paramount importance in today’s day and age. Even if you currently have coverage in
your Business owners Policy, it may be as low as $25,000 in limits.
+ How much coverage do you have? Does it protect you and your clients? How so?
+ Perspective shift: The average ransomware payment climbed 82% since
2020 to a record $570,000 in the first half of 2021, as cybercriminals employed increasingly aggressive tactics to coerce organizations into paying larger ransoms.
If you’re not sure where to start: We would like to offer a free cyber health security scan to you, this program scans your website and provides us data about any critical vulnerabilities you and your system may have. It also provides pricing for a comprehensive cyber insurance policy to give you peace of mind with today’s increasingly vulnerable computer systems or websites.
CONTACT US TODAY!
Chris Landry – Insurance Advisor