Game-Changing Cyber Coverage Transforms Staffing Agency Security
Key Benefits of Cyber Coverage
1. **Financial Protection**: Cyber coverage can save your agency from the crippling costs associated with a data breach. According to the Ponemon Institute, the average cost of a data breach in 2023 was $4.45 million2. This figure underscores the importance of having insurance to cushion the financial blow.
2. **Risk Management**: By investing in cyber coverage, you're not just buying insurance; you're gaining a partner in risk management. Many insurers offer proactive services such as vulnerability assessments and cybersecurity training to help prevent breaches before they occur3.
3. **Regulatory Compliance**: With data protection regulations like GDPR and CCPA, non-compliance can result in hefty fines. Cyber insurance often includes compliance support, ensuring your agency adheres to all necessary legal standards4.