Do Smaller Businesses Really Need Cyber Insurance?

In today's digital age, all businesses, big or small, are vulnerable to cyber threats. Unfortunately, small businesses are often targeted as they may lack the necessary technology and resources to protect themselves. Cyberattacks can range from hacking and data theft to ransomware and can lead to not only financial losses but damage to a company's reputation. This is where cyber insurance comes in; it provides businesses with the protection they need against cyber threats.