Insure Your Cyber Defense
Why You Need Cyber Insurance Protection?
The average cyber breach can cost an SME up to $1.24 million, often leading to business closure within six months.
Cyber insurance covers the following business costs...
1. Forensics costs to isolate and recover systems
2. Ransomware negotiators and extorsion costs
3. Legal and regulatory advisory costs
4. Crisis management and PR costs
5. System recovery and backup costs
6. Fines and penalties costs
7. Loss of business revenue
60%
SMEs and Startups close within 6 months of a cyber attack.
Businesses often can't afford the extensive recovery costs associated with cyber incidents, including legal fees, forensic investigations, system restoration, cyber expertise, regulatory fines, customer monitoring, reputational damage, and more.
- IBM 2024
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82%
Ransomware attacks are aimed at SMEs and Startups.
Ransomware can lead to significant downtime and revenue loss if the business lacks a proper backup and system restoration process. - IBM 2024
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up to $1.24m
Is the average cost of a data breach for an SME and Startup.
Most SMEs and startups cannot afford these costs and typically shut down within six months of a cyberattack. - IBM 2024
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