How important is cyber liability insurance and why you need it

On this episode of Data Defender, we talk about cyber liability insurance and how it will become the standard for the coming year. Hello my name is Renee Jones owner of Defense N Depth welcome to Data Defender where we discuss how to implement cybersecurity best practices to reduce risk and vulnerabilities in your organization. Today we will discuss cyber liability insurance. Cyber liability insurance in the coming years will become as standard as auto insurance because all businesses connect like a spider web, whether internal or external. Internally businesses have separate departments that speak to each other. So to speak during daily business processes. Whether they're sending emails or sending information businesses interconnect internally. Businesses also interconnect externally through vendors, through other companies that they do business with to suppliers. So businesses any business is connected like a spider web and because of that every business is vulnerable and pretty soon cyber liability insurance will be as common as auto insurance. You may ask why cyber liability insurance will be as common as auto insurance. Well just like we are sitting here today and you're working from 8 to 5 or 8 to 8 as most people do and then you go home and you play with your children or attend to your family or work some more, bad actors use the same amount of hours to breach our systems and they look for information such as publicly available information that we so willingly use in social media or they are working with teams to get information or they're using the web to find information in order to breach systems.