Propel provides innovative insurance solutions to thousands of companies across the country. We make it our business to know your world inside and out.
Cyber attacks are something all business owners should be thinking about. In fact, a recent report indicated that a third of all cyberattacks are aimed at small businesses with fewer than 250 employees.
So how can you protect your company against hackers intent on stealing bank account numbers, passwords and personal information of your customers and employees?
There are two important coverages to consider:
- Funds Transfer Fraud Insurance
- Cyber Liability Insurance
Funds Transfer Fraud insurance covers the online theft of money. This is important because if a hacker has the correct account number and password to make a transfer, many banks won’t reimburse a business – even though it’s a fraudulent transfer.
Cyber Liability insurance covers your company’s responsibilities if there is a data breach, including lawsuits as well as costs to notify victims, monitor their credit, investigate the breach, and handle the negative publicity.
CyberSmart® Insurance from Propel is one easy way to keep your business protected. Talk with our experts to learn more.