Online Insurance Agent Insureon Takes the Worry Out of Cyber Attacks for Small Business
CHICAGO, IL, Nov 12, 2012 (MARKETWIRE via COMTEX) --
When they hit a large corporation, cyber attacks make headlines. But
an increasing number of small business owners are realizing that
their companies are also susceptible to cyber attacks, sometimes with
devastating results. Insureon, the leading online agent for small
business insurance, today announced a new suite of cyber liability
coverage available online and catered specifically to give small
business owners peace of mind that their business could survive a
cyber attack or data breach.
"No business is immune from cyber threats, and the numbers are
staggering when it comes to their impact on small businesses," said
Ted Devine, chief executive officer of insureon. According to the
National Cyber Security Alliance (NCSA), the average cost of a cyber
attack for small businesses in 2010 was $188,242. He added, "Whether
it's a restaurant that processes credit cards or a dental office that
stores patient records, our customers are becoming more aware that
any type of data breach can put their operation at serious risk."
Symantec reports that a full 60 percent of small businesses shut
their doors within six months of an attack. Harm and damages from
cyber attacks -- an estimated 40 percent of which are targeted at
small businesses -- include direct costs from investigating what
happened, notifying those affected, credit monitoring, litigation and
government fines, as well as indirect costs from lost business and
damage to the company's reputation.
Insureon's offerings help business owners protect themselves and keep
their organizations running in the event of an attack. Devine
continued, "With cyber liability protection, small business owners
can focus on serving their customers and clients, growing the
business and protecting their most important asset. Put simply, cyber
liability insurance provides certainty in normal times, while helping
owners keep their doors open in the event of an attack. We make it
easy to purchase this coverage online."
Small businesses are most susceptible to cyber attacks if they do not
have a firewall or up-to-date antivirus software. However, having
such precautions does not put business owners in the clear.
Businesses are still vulnerable from compromised web pages, phishing
emails and unsecured mobile devices, all of which can penetrate
defenses and perpetrate harm.
Since there is no way to ensure that a small business will not be
victimized by a cyber attack, insureon's cyber liability offering
protects small businesses against the largest threats they face,
including the disclosure of confidential data, loss of data or
digital assets and the introduction of malicious code or viruses.
-- Disclosure of confidential data: The National Cyber Security Alliance
(NCSA) reported last year that two-thirds of small businesses have
customer data living on their networks, while nearly half have
financial reports and records and 18 percent have their clients'
-- Loss of data: Information management can be one of the most
challenging aspects of running a small business. Small business owners
need to not only protect data from being read or stolen, but also from
being corrupted, which could lead to an interruption in business while
the data is reassembled.
-- Introduction of malicious code or viruses: Viruses and other malicious
code can potentially clog entire networks, using a small business'
system to populate itself throughout the Internet. Viruses can also
overwrite files and destroy key information on a computer or network's
hard drive. In addition to taking time to rebuild, owners can be held
responsible for attacks launched from their system.
For more information on insureon's cyber liability insurance offerings,
please visit www.insureon.com.
Insureon, the leading online business insurance agency for small
business, specializes in serving the fast-growing micro-business
sector, which includes the self-employed and companies with 10 or
fewer employees. Insureon allows small businesses to apply online for
insurance and receive multiple quotes from leading insurance carriers
-- completing in minutes a process that otherwise would take a week
or longer. For more information, please visit insureon sites
TechInsurance and Business Insurance Now.
[ InfoTech Spotlight's Homepage ]