8 Cyber Insurance Questions

8 Cyber Insurance Questions Start-Up and Small Business Owners Are Asking

Question and Answer with Michelle Lopilato, the Senior Vice President, Director of Cyber and Technology, Hub International, along with John Farley, Vice President, Cyber Risk, HUB International. Cyber attacks are a reality in today’s age of technology, but that doesn’t mean you have to become a victim when it affects your business. You can stay afloat by arming your start-up/SMB with proactive and reactive cyber security strategies. Tragically, 60 percent of small to midsize companies that suffer a cyber attack are out of business within six months. Don’t make the mistake in assuming that your business is not as susceptible to breaches as large companies. In fact, 55 percent of 600 small and medium sized business (SMB) in a recent survey reported being hacked.