[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/blinsuranceadvisors.com\/2019\/11\/12\/best-cyber-security-insurance-nj-small-business\/#BlogPosting","mainEntityOfPage":"https:\/\/blinsuranceadvisors.com\/2019\/11\/12\/best-cyber-security-insurance-nj-small-business\/","headline":"Cyber Liability Insurance NJ for Small Businesses","name":"Cyber Liability Insurance NJ for Small Businesses","description":"Cyber Security Insurance NJ for Small Businesses Here’s why you need cyber security insurance NJ. Because high-profile cyber attacks on companies such as Target and Sears have raised awareness of the growing threat of cyber crime. During recent surveys conducted by Symantec\u2019s Kaspersky Lab and the National Cyber security Alliance suggest that many small business...","datePublished":"2019-11-12","dateModified":"2025-08-12","author":{"@type":"Person","@id":"https:\/\/blinsuranceadvisors.com\/author\/elio\/#Person","name":"Elio Vecchiarelli","url":"https:\/\/blinsuranceadvisors.com\/author\/elio\/","identifier":6,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/15c35da080c419503e03feba5465f40e1c34461e8828c512527e237a9019be5b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/15c35da080c419503e03feba5465f40e1c34461e8828c512527e237a9019be5b?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Blue Lion Insurance Advisors","logo":{"@type":"ImageObject","@id":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/04\/blue-lion-logo.png","url":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/04\/blue-lion-logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/04\/cyber-security-Insurance-for-red-bank-nj-900x550-1.jpg","url":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/04\/cyber-security-Insurance-for-red-bank-nj-900x550-1.jpg","height":550,"width":900},"url":"https:\/\/blinsuranceadvisors.com\/2019\/11\/12\/best-cyber-security-insurance-nj-small-business\/","about":["Business Insurance","Cyber Liability"],"wordCount":707,"articleBody":"Cyber Security Insurance NJ for Small BusinessesHere’s why you need cyber security insurance NJ. Because high-profile cyber attacks on companies such as Target and Sears have raised awareness of the growing threat of cyber crime. During recent surveys conducted by Symantec\u2019s Kaspersky Lab and the National Cyber security Alliance suggest that many small business owners are operating under a false sense of cyber security.The statistics of these studies are grim. In other words, the majority of U.S. small businesses lack a formal internet security policy for employees.\u00a0 So only about half have even rudimentary cyber security measures in place. Furthermore, only about a quarter of small business owners have had an outside party test their computer systems to ensure they are hacker proof.\u00a0 Almost 40 percent do not have their data backed up in more than one location.Don\u2019t Equate Small with Safe.\u00a0 Your Data is at Risk at All TimesDespite significant cyber security exposures, 85 percent of small business owners believe their company is safe from hackers, viruses, malware or a data breach. In short, this is largely due to the widespread belief that small businesses are unlikely targets for cyber attacks. Therefore, data thieves are simply looking for the path of least resistance. Even more, Symantec\u2019s study found that 43 percent of attacks are against organizations with fewer than 250 employees.Outside sources like hackers aren\u2019t the only way your company can be attacked. Often, smaller companies have a family-like atmosphere and put too much trust in their employees. This can lead to complacency. This means that a disgruntled or recently fired employee could execute an attack on the business.A Data Breach Could Destroy Your Business.\u00a0 Is Your Business Protected?As large companies continue to get serious about data security, small businesses are becoming increasingly attractive targets. So the results are often devastating for small business owners.According to a 2017 study by the Ponemon Institute, the average annual cost of cyber attacks for small and medium-sized businesses was over $2.2 million. Most small businesses don\u2019t have that kind of money lying around.\u00a0 As a result, nearly 60 percent of the small businesses victimized by a cyber attack close permanently within six months of the attack. Many of these businesses put off making necessary improvements to their cyber security protocols until it was too late because they feared the costs would be prohibitive.10 Ways to Prevent Cyber AttacksYou should bring in an outside expert to test your computer systems and make security recommendations.\u00a0 Here are simple, economical steps you can take to reduce your risk of falling victim to a costly cyber attack:Train employees in cyber security principlesInstall, use and regularly update antivirus and anti-spyware software on every computer used in your businessUse a firewall for your internet connectionDownload and install software updates for your operating systems and applications as they become availableMake backup copies of important business data and informationControl physical access to your computers and network componentsSecure your Wi-Fi networks. If you have a Wi-Fi\u00a0network for your workplace make sure it is secure and hiddenRequire individual user accounts for each employeeLimit employee access to data and information.\u00a0 Also, limit authority to install softwareImportantly, require that passwords are strong and must be changed regularlyFurthermore, the Federal Communications Commission (FCC) provides a tool for small businesses that can create and save a custom cyber security plan for your company.\u00a0 Simply choose from a menu of expert advice to address your specific business needs and concerns. It can be found at www.fcc.gov\/cyberplanner.Your Emerging Technology PartnerFinally, a data breach could cripple your small business, costing you thousands or millions of dollars in lost sales and\/or damages. So contact Blue Lion Insurance Advisors today. We have the tools necessary to ensure you have the proper coverage to protect your company against losses from cyber attacks.The next step is easy!Call us today at (732) 649-1600 to learn how our advisors could get you the best Cyber Liability Insurance coverage, at the right price, and superior service.\u00a0 You can also \u00a0Request A FREE Cyber Insurance Quote on our site or Contact an advisor for more information."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2019","item":"https:\/\/blinsuranceadvisors.com\/2019\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"11","item":"https:\/\/blinsuranceadvisors.com\/2019\/\/11\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"12","item":"https:\/\/blinsuranceadvisors.com\/2019\/\/11\/\/12\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Cyber Liability Insurance NJ for Small Businesses","item":"https:\/\/blinsuranceadvisors.com\/2019\/11\/12\/best-cyber-security-insurance-nj-small-business\/#breadcrumbitem"}]}]