Risks Ahead. Cyber Insurance – Is your company covered for a data breach?
Risks Ahead. Cyber Insurance – Is your company covered for a data breach?
According to technology research firm Gartner, the number of connected devices is expected to increase from 4.9 billion to 25 billion by 2020. Each of these devices potentially opens a door to cyber intruders. The market research firm International Data Corporation predicts that, if current trends continue, one of every four people around the globe will be affected by a data breach by 2020. A breach could expose your firm’s clients’ personal information, leading to financial penalties, lawsuits and lost client trust, while also compromising your own intellectual property.
When there is risk ahead, you can count on KMRD Partners Risk and Insurance Solutions for a common sense approach to risk management and transference through insurance coverage. KMRD Partners structured risk management process provides clients a competitive advantage, reducing their cost of risk while improving their operational efficiency.
For cyber related tidbits, click here.
Please contact your KMRD Partners relationship manager or e-mail us at contactus@kmrdpartners.com to review your insurance policies before one minute from normal strikes.
