Secret High Limit Insurance Every Fintech Needs Now
Why High Limit Insurance is Essential
The fintech industry is particularly vulnerable to cyberattacks, with data breaches and fraudulent activities posing significant threats. A report by Accenture reveals that financial services firms face an average of 85 serious cyberattacks annually1. High limit insurance provides the necessary financial protection to cover the costs associated with data breaches, including legal fees, customer notification expenses, and potential regulatory fines.
Moreover, fintech companies often handle large volumes of transactions and sensitive customer data, making them prime targets for financial crimes. High limit insurance can cover losses from fraud or embezzlement, ensuring that your company can recover swiftly without significant financial strain.