{"id":2758,"date":"2017-04-13T15:57:33","date_gmt":"2017-04-13T19:57:33","guid":{"rendered":"https:\/\/www.lindabury.com\/firm\/?p=2758"},"modified":"2021-06-09T12:05:51","modified_gmt":"2021-06-09T16:05:51","slug":"cybersecurity-insurance-considerations-small-medium-sized-businesses","status":"publish","type":"post","link":"https:\/\/www.lindabury.com\/firm\/insights\/cybersecurity-insurance-considerations-small-medium-sized-businesses.html","title":{"rendered":"Cybersecurity Insurance Considerations For Small And Medium-Sized Businesses"},"content":{"rendered":"<p>Cybersecurity experts have observed that hackers and cybercriminals are increasingly targeting small and medium-sized businesses and that these efforts account for 60% of all cyberattacks. One expert described these companies as the \u201csoft underbelly\u201d of <a href=\"https:\/\/www.lindabury.com\/cybersecurity-data-privacy.html\">cybersecurity<\/a>. Companies of all sizes face potentially significant costs in <a href=\"https:\/\/www.lindabury.com\/firm\/articles-resources\/responding-cybersecurity-breach-establish-response-team.html\">responding to a data breach<\/a> and losses including business disruption, lost revenue and loss of reputation. The average time to resolve a cyberattack has been estimated at 46 days and costs can increase if the damage is not resolved quickly.<\/p>\n<p>Such expenses could be catastrophic for small or medium-sized businesses so it is important for such companies to understand the insurance implications and select the appropriate coverage to protect against losses from a cyberattack.<\/p>\n<p><strong>TRADITIONAL INSURANCE<\/strong><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.lindabury.com\/firm\/insights\/cybersecurity-insurance-considerations-small-medium-sized-businesses.html\"  title=\"Continue Reading Cybersecurity Insurance Considerations For Small And Medium-Sized Businesses\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cybersecurity experts have observed that hackers and cybercriminals are increasingly targeting small and medium-sized businesses and that these efforts account for 60% of all cyberattacks. One expert described these companies as the \u201csoft underbelly\u201d of cybersecurity. Companies of all sizes face potentially significant costs in responding to a data breach and losses including business disruption, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[245,307,65,401],"tags":[],"coauthors":[139],"class_list":["post-2758","post","type-post","status-publish","format-standard","hentry","category-corporate-ma-insights","category-cybersecurity-data-privacy-insights","category-insights","category-insurance-coverage-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cybersecurity Insurance Considerations For Small And Medium-Sized Businesses &#8212; April 13, 2017 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. Firm News &amp; Events<\/title>\n<meta name=\"description\" content=\"Cybersecurity experts have observed that hackers and cybercriminals are increasingly targeting small and medium-sized businesses and that these efforts\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lindabury.com\/firm\/insights\/cybersecurity-insurance-considerations-small-medium-sized-businesses.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cybersecurity Insurance Considerations For Small And Medium-Sized Businesses &#8212; April 13, 2017 &#8212; Lindabury, McCormick, Estabrook &amp; Cooper, P.C. 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