Ransomware Attack: Are You Vulnerable?

Dear Valued Customer,

Ransomware attacks are skyrocketing, impacting large and small businesses and disrupting entire supply chains. No business, no industry is immune to ransomware attacks. In fact, in the past 12 months, 23% of small businesses suffered at least one cyber attack, with an average annual financial cost of $25,612. Not only that, although small businesses quickly adapted to remote working, it has left many feeling more vulnerable to cyber attacks.

This issue of our newsletter conveys some of the critical steps you must take to maintain secure business operations online. They include ensuring the deployment of Multi-Factor Authentication (MFA) on all systems; preparing your organization to respond to a cyber incident with an incident plan, securing your accounts with strong password tips, and more.

Insurance that protects you in case of a cyber attack may seem like something only large corporations would ever need, or could ever afford. However, cyber liability insurance is essential for small companies as well – and it’s annual cost is relatively minimal. Please connect with us with any questions or concerns, and for a discussion as to how insurance can add a much needed layer of protection.

We appreciate your continued business and look forward to serving you.

Kind regards,

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