Many business owners ask a simple question: Is cyber liability insurance required by law?Learn whether any state requires cyber insurance, when contracts require it, and what businesses should know. The short answer is generally no. There is no broad federal law requiring every U.S. business to purchase cyber liability insurance. Similarly, cyber liability insurance is
If you run a business in New York — whether you’re a trucking company, a staffing agency, a contractor, or a professional services firm — you’ve probably heard a lot of noise about Frontier AI Models and cybersecurity. Most of it is either hype or too technical to act on. But a new advisory from
AI is transforming healthcare, marketing, and countless industries for the better. But it’s also arming cybercriminals with tools such as deepfake attacks that are more convincing — and more dangerous — than ever before. Attackers are now using AI to drain business bank accounts, install malware, and damage company reputations, and the frequency of these
Importance of Cyber Insurance for Pharmacies Pharmacies are among the most targeted healthcare businesses for cyberattacks because they store valuable patient, prescription, insurance, and payment information. A single cyber incident can interrupt operations, expose protected health information (PHI), lead to regulatory investigations, and result in significant financial losses. If you own an independent pharmacy, you’re
It’s hard to feel safe on the internet, especially for business owners. Surveys show that 76% of their respondents fear social media hacks and other online fraud. While cyber insurance is still a new concept, it is ultimately the answer to long-term digital sustainability. The growth in social media over the past decade is massive, but people
In today’s technology-driven world, data is the lifeblood of businesses. With everything from customer information to trade secrets stored on servers, it’s more important than ever for companies to protect their digital assets against cyber threats. But unfortunately, no business is immune to cyber attacks, and startups are especially vulnerable. That’s where cyber insurance comes
In today’s digital age, tech startups are becoming increasingly vulnerable to cyberattacks. As businesses rely more heavily on technology, cybercriminals find new ways to exploit software, network, and device weaknesses. With the potential for serious financial and reputational damage in a cyber attack, it’s more important than ever for tech startups to focus on cyber
According to a 2017 study, the average annual cost of cyber attacks for small and medium-sized businesses was over $2.2 million. That’s a scary big number. Most New York small businesses don’t have that kind of money lying around, and as a result, nearly 60 percent of the small businesses victimized by a cyber attack
In 2026, with more than 60% of small businesses in New York receiving cyber attacks each month, cyber liability insurance may be more important to the sustainability of your business than general liability. According to a recent report from the Information Systems Audit and Control Association (ISACA), cyberattacks currently reign as the fastest-growing form of
Last year, more than 80% of cyber attacks, incidents including ransomware, were the result of remote employee protocols and logins. Right now, more employees are being pushed out to remote work than ever before in the history of our work culture and for many of those employees, this is a brand new part of their
