Get Insanely Affordable Cyber Insurance For Payment Gateways
Why Cyber Insurance is Essential
Cyber threats are evolving rapidly, and the financial repercussions of a breach can be devastating. According to a report by IBM, the average cost of a data breach in 2023 was $4.45 million1. For small to medium-sized businesses, such costs can be crippling. Cyber insurance helps mitigate these risks by covering costs related to data recovery, legal fees, and customer notification processes. Moreover, having a robust cyber insurance policy can enhance your company's reputation by demonstrating a commitment to data protection.