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Cyber threats or attacks can happen to any size or type of company in Edmonton, so it’s best to be aware of the precautions you can take as a business owner.

Cyber refers to the culture of computers, information technology, and virtual reality. Corporate cyber attacks have been on the rise in recent years due to advanced technology, and a surge in people working remotely and bringing technology home from the office. The necessity to create a space where being safe and protected has never been more important.

Mitigating risks is a priority in this day and age. When you think about a cyber attack, words like breach, attack, and data threat come to mind.

We’ve all seen the news of a cyber attack targeting large corporations, government and the like. But, small business owners are not immune to organized cyber-crime.

Time for Cyber Liability Insurance

A traditional business liability insurance plan doesn’t account for cyber activity of any kind, so arm yourself with the most experienced people in the insurance industry to help you through the details and decision of selecting the proper cyber policy for your business.

Exposures

In the insurance industry, an exposure is the state of being subject to loss because of a hazard or contingency.

Below are some of the exposures that a company can face and the coverage that is provided in a typical cyber liability policy.

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Data Breaches

While Equifax comes to mind as a notorious data breach in Canada, there were more than 33 companies in the country that publicly announced a major breach in 2017 alone. Sensitive, protected and confidential data was copied, transmitted, viewed and stolen without people’s authorization to do so. What is your responsibility as a company owner for protecting your employees? At a minimum, if your company’s data has been hacked, by law in Alberta you have to let those people affected know about it.

Intellectual Property Rights

Something as innocent as a social media post on Twitter can get a company, or individual, in hot water. As a business owner, understanding patents, copyrights and trademarks is imperative. If you misuse information that is not yours to use, you may get sued. With more business owners using marketing tools through websites, social media platforms and such to reach their ideal clients, their exposure rises. Posting images and words that are not your own property or is misused is becoming more common and is subject to legal action.

Cyber extortion, business extortion, and business interruption are also exposures that can affect your business so take heed and call the experts at Reliant Insurance for their advice on cyber liability insurance.

Cyber liability insurance is created to counter the risks that present themselves from businesses using modern technology. That’s one reason any business is at risk and should choose a coverage level that suits their needs.

At Reliant Insurance, our brokers work with you to discover your areas of risk however small or large your business may be. We fit a policy to suit your needs.

Cyber threats or attacks can happen to any size or type of company in Edmonton, so it’s best to be aware of the precautions you can take as a business owner.

Cyber refers to the culture of computers, information technology, and virtual reality. Corporate cyber attacks have been on the rise in recent years due to advanced technology, and a surge in people working remotely and bringing technology home from the office. The necessity to create a space where being safe and protected has never been more important.

Mitigating risks is a priority in this day and age. When you think about a cyber attack, words like breach, attack, and data threat come to mind.

We’ve all seen the news of a cyber attack targeting large corporations, government and the like. But, small business owners are not immune to organized cyber-crime.

Time for Cyber Liability Insurance

A traditional business liability insurance plan doesn’t account for cyber activity of any kind, so arm yourself with the most experienced people in the insurance industry to help you through the details and decision of selecting the proper cyber policy for your business.

Exposures

In the insurance industry, an exposure is the state of being subject to loss because of a hazard or contingency.

Below are some of the exposures that a company can face and the coverage that is provided in a typical cyber liability policy.

Data Breaches

While Equifax comes to mind as a notorious data breach in Canada, there were more than 33 companies in the country that publicly announced a major breach in 2017 alone. Sensitive, protected and confidential data was copied, transmitted, viewed and stolen without people’s authorization to do so. What is your responsibility as a company owner for protecting your employees? At a minimum, if your company’s data has been hacked, by law in Alberta you have to let those people affected know about it.

Intellectual Property Rights

Something as innocent as a social media post on Twitter can get a company, or individual, in hot water. As a business owner, understanding patents, copyrights and trademarks is imperative. If you misuse information that is not yours to use, you may get sued. With more business owners using marketing tools through websites, social media platforms and such to reach their ideal clients, their exposure rises. Posting images and words that are not your own property or is misused is becoming more common and is subject to legal action.

Cyber extortion, business extortion, and business interruption are also exposures that can affect your business so take heed and call the experts at Reliant Insurance for their advice on cyber liability insurance.

Cyber liability insurance is created to counter the risks that present themselves from businesses using modern technology. That’s one reason any business is at risk and should choose a coverage level that suits their needs.

At Reliant Insurance, our brokers work with you to discover your areas of risk however small or large your business may be. We fit a policy to suit your needs.

We’re here to answer any questions you may have