Identity Theft: An Emerging Risk For Most Businesses

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Identity Theft: An Emerging Risk For Most Businesses

We have all heard of identity theft as it relates to individuals, and businesses are now facing the same kind of risk. The emerging risk to businesses includes; business tax fraud, trademark issues, website hacks, and credit card fraud.
Experts are telling us that criminals are combining stolen data and creating tax returns in the name of the business. According to the IRS, the total losses in 2017 were $270 million.
We recommend that you have our agency complete a business insurance risk review to determine your exposure and create a plan of action. Our solutions might include Cyber Risk Insurance.
Cyber Risk Insurance
Cyber insurance can cover your businesses cyber exposure through a cyber breach. This could include a data breach, loss of client’s information and the costs associated with reporting and restoration. Cyber risk insurance can also cover:
  • Media Liability
  • Error & Omission Insurance
  • Regulatory Defense & Penalties
  • Extortion & Ransomware coverage
  • Data Breach Response Costs
  • Business Interruption
  • Network Security Coverage
Call Steve today for a business insurance review; 303-808-9351

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