Over 2,365 cyberattacks occurred in 2023, impacting over 343 million people. These are just the number of reported attacks and may not reflect the total number of true attacks that year.

Every business is at risk of being targeted in a cyberattack, but how you respond to an attack matters.

If businesses have learned anything since 2020, it’s that supply chain disruptions are extremely costly. A single disruption can cause a cascading effect across industries, and in a connected world, cyberattacks pose a serious risk to the supply chain.

CrowdStrike’s failure led to billions of dollars in losses for Fortune 500 companies, and the global IT outage is one that all businesses must protect against. If you’re a business owner or head of an IT department, you need to take preventative measures to avoid a similar failure in your own systems.

You can have the world’s best security, but if you don’t back up your systems, it’s a recipe for failure. It's estimated that 51% of small- and medium-sized companies do not have an incident response plan.

If the company loses its data or a cyberattack takes down its network, there’s no plan of recovery.

Cybersecurity is a risk impacting businesses of all sizes. You may, at any time, become a victim of a cyberattack. The entire city of St. Cloud was a victim of a cyberattack in March 2024, and United Healthcare was another recent victim.

Both of these entities have extreme cybersecurity policies in place that are designed to prevent such attacks.

If you want to safeguard your business, what's one of the first things that you’ll want to secure?  Insurance. You can redirect some of your risk to another party and provide a lifeline to your company to keep operating in the face of disaster.

Any company that wants to obtain cyber liability insurance must comply with strict measures to be approved.