[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/blinsuranceadvisors.com\/2020\/09\/23\/how-cyber-insurance-protects-your-business-during-the-pandemic\/#BlogPosting","mainEntityOfPage":"https:\/\/blinsuranceadvisors.com\/2020\/09\/23\/how-cyber-insurance-protects-your-business-during-the-pandemic\/","headline":"How Cyber Insurance Protects Your Business During the Pandemic","name":"How Cyber Insurance Protects Your Business During the Pandemic","description":"Cyber crime has, unfortunately, become even more rampant recently because of the pandemic, for reasons that will be explored here. No matter what the size or nature of your business, it is essential that you have cyber insurance. The sensible way to make this important purchase is under the guidance of a professional, well-vetted insurance...","datePublished":"2020-09-23","dateModified":"2020-10-07","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\/10\/how-cyber-insurance-protects-your-business-during-the-pandemic.jpg","url":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/10\/how-cyber-insurance-protects-your-business-during-the-pandemic.jpg","height":768,"width":1366},"url":"https:\/\/blinsuranceadvisors.com\/2020\/09\/23\/how-cyber-insurance-protects-your-business-during-the-pandemic\/","about":["Cyber Liability"],"wordCount":729,"articleBody":"Cyber crime has, unfortunately, become even more rampant recently because of the pandemic, for reasons that will be explored here. No matter what the size or nature of your business, it is essential that you have cyber insurance. The sensible way to make this important purchase is under the guidance of a professional, well-vetted insurance advisor who will find you the most useful and cost-effective policy for your purpose. If your business is located in New Jersey, take a careful look at Blue Lion Insurance Advisors, a firm of well-known integrity you can trust.The Far-Reaching Effects of Cyber Attacks Cyber crime may negatively impact not only your company\u2019s bottom line, but your client or customer base, your potential employees, your competitive edge, and your hard-won reputation. The pandemic has only worsened the risk. With so many employees working at home, away from a central office, the risk of data breaches and other attacks has increased exponentially. How Cyber Criminals Are Leveraging the Pandemic for Their Own PurposesWhile the rest of us are struggling to survive the pandemic with our health, loved ones and livelihoods intact, cyber criminals are constantly trying to turn this disaster to their own financial advantage. As almost a third of the population in this country is now working remotely, cyber thieves are constantly trying the following: Offering fake protection from other cyber villains while they themselves are stealing data.Pretending to be from the CDC or another health agency that appears to offer valid information about the coronavirus in order to persuade worried individuals to open a link that deploys malware.Taking advantage of corporate ties to foreign entities: branch offices, suppliers, or markets in countries in which the virus is widespread to exploit gaps in communication.Using ransomware to disable computer systems so they can cripple your business and charge a ransom for restored function.Presenting themselves as legitimate banks or other lenders in order to take private information during a time when the recession is making borrowing urgent for many businesses.Hacking into social media accounts to then claim defamation, libel, or copyright infringement.Types of Data\u00a0 Being Sought by CybercriminalsThough some hackers may be trying to corrupt your systems to destroy you as a competitor or simply for malicious \u201crecreational\u201d purposes (think of Zoombombing), many more are seeking to steal identities by raiding personnel files, payment plans, or healthcare data, or to steal directly from bank accounts. Personal information like Social Security numbers, birthdates, bank account information, credit card information, addresses and phone numbers are worth a great deal on the dark market and are often their priorities.What Cyber Insurance CoversLike all insurance, cyber insurance offers not only peace of mind when there is smooth sailing, but is invaluable should you be the victim of a cyber crime. For businesses, large and small, Cyber Insurance can cover:Costs of restoring information lost to a data breach, virus, or other cyberattackLegal claims resulting from that breach, such as claims for stolen Social Security numbers, credit card numbers, bank account numbers, and health recordsLegal costs of fighting claims that you or an employee has defamed another party or company on social media, leaked information, or infringed on a copyrightLosses incurred if you lose third-party information (from a customer or client)Costs of penalties for failing to provide a timely notification notice of a data breachReasons Your Business Needs Cyber Insurance, Especially NowData breaches are costlyCyber attacks are occurring more and more frequentlySmall businesses often do not have the resources to survive a cyber attackThough your cyber data has great value to you as a business asset, standard commercial property insurance does not cover itGet Cyber Insurance Now with the Help of one of our Experienced Insurance AdvisorsGoogle has recently reported more than 18 million predatory emails related to COVID-19. Since March of 2020, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) has been issuing warnings about cyber attacks. Also, don\u2019t forget the alarming but realistic possibility that your company may experience a cyber attack from within. It is clearly time to make certain that your company has the necessary cyber insurance to protect your business from assault. Don\u2019t procrastinate when so much is at stake. Call Blue Lion Insurance Advisors today at 732-649-1600 to get started."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2020","item":"https:\/\/blinsuranceadvisors.com\/2020\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"09","item":"https:\/\/blinsuranceadvisors.com\/2020\/\/09\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"23","item":"https:\/\/blinsuranceadvisors.com\/2020\/\/09\/\/23\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"How Cyber Insurance Protects Your Business During the Pandemic","item":"https:\/\/blinsuranceadvisors.com\/2020\/09\/23\/how-cyber-insurance-protects-your-business-during-the-pandemic\/#breadcrumbitem"}]}]