Ransomware and malware could potentially cripple your company and personal networks. Our previous post, Companies can insure against cyber ransom, states, “Ransomware is a form of malicious software, or ‘malware,’ that encrypts information or aspects of an organization’s computer network, preventing authorized users from accessing it.” As online hackers become more advanced, your company and personal need for internet security is essential.

Cyberliability insurance coverage should be considered as part of a comprehensive plan to protect your company and its networks from these online hackers.