Top–Rated Cybercrime Protection for Your Denver Business
Cybercrime is on the rise – everywhere. Denver too. Nationwide, a cyber-attack happens every two seconds, the highest rate in the world. In Colorado, based on annualized latest statistics, around 100 organizations and 270,000 Coloradans fall victim to a data breach every year. And even though sweeping new laws on reporting breaches in our state were introduced last year, those quoted numbers are probably low – they’re only the incidents that were reported.
What is Cybercrime?
It’s a complex and wide-ranging 21st-century crime, defined by the Colorado Bureau of Investigation as “the use of a computer, the Internet, Social Media. Smartphones or other technology to perpetrate criminal activity.” That includes data breaches, identity theft, ransomware, and sabotage.
The Solution: Trust Hall’s Denver Cyber Liability Insurance Program
There are many things that you can do to protect your organization from a cyber-attack but no security strategy is fool-proof. Which is why we have cyber liability insurance. In Denver, Trust Hall offers this comprehensive protection from several leading insurers. Cyber risk insurance up to agreed limits covers the cost of most expenses associated with putting things right after a cyber-attack.
This may include:
Colorado’s laws stipulate must happen within 30 days. . Monitoring of credit records to identify use of individuals” stolen data. Communication and PR costs associated with the need to repair your Denver firm’s reputation and image. Based on 4-months from September 2018 to January 2019 from Colorado Attorney General’s Office
Through our Denver cyber liability risk Insurance program, we can negotiate deductibles that help reduce premium costs and liability limits to suit the scale and risk of your business. In some cases, coverage can be added as an endorsement to a Business Owners Policy (BOP) or an Errors and Omissions (E&O) policy, or, as in most cases, through a standalone policy.
Am I At Risk of a Cyber Attack?
Why You Need Trust Hall‘s Denver Cyber Liability Insurance Protection
Experience tells us that every single organization – even those with the best security systems in place – is at risk of a cyber–attack. And although it‘s the big data breaches we hear about most often, most attacks actually target small and medium-size businesses (SMBs). Cyber insurance is actually a relatively new type of protection and many insurers are still feeling their way, learning about the risks, adjusting rates and creating different levels of coverage. You need an inside track on this from a Denver agent with the expertise and insurance industry contacts to secure the coverage that’s right for you. That would be Trust Hall. We can also offer you guidance on cyber risk management in your business as well as the formulation of a recovery plan.
Why You Must Act Now
One-third of companies already have cybercrime insurance. If you’re not one of them and you store data, you and your business are at risk right now. Worse, between 50 and 70 percent of all cyber-attacks target businesses employing less than 250. The average cost of putting things right after an attack is $148 for every single record stolen, or an average total of $117,000 for SMBs. Do the math and you’ll understand why 60 percent of uninsured SMBs go out of business within six months of a data breach. Don’t let that be you. Premium costs are reasonable, starting at around $100 a month, and they could save your business. Plus, we‘ll arrange a Denver cyber liability insurance premium quote for you for free and without obligation.
Contact Trust Hall now for your cyber protection and your cyber peace of mind.