Cyber Attacks & Terrorism Continue to be Most Prevalent Threats

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Cyber Attacks & Terrorism Continue to be Most Prevalent Threats

Cyber Attacks & Terrorism Continue to be Most Prevalent Threats

Posted by on Dec 8, 2014 in Blog News

Top Risks Threatening Both the Insurance Industry & National Security

When you read the headlines of the newspapers and receive updates about what is going on in the world, chances are, the last thing on your mind is insurance. However, it is important to realize that many of our most trying risks and threats affect the world of insurance, meaning your pockets are affected accordingly. Two of the most prevalent threats that are expected to continue into the following year are cyber attacks and terrorism.

Cyber attacks are gaining more and more recognition each year, as they have become one of the most obvious national security challenges facing not only the insurance industry, but also businesses nationwide and the government as a whole. Five years ago, nobody would agree that having cyber liability insurance is a top priority. However, with major reputable companies such as Target and Home Depot experiencing significant blows due to cyber attacks, businesses small, large, and nationwide are rushing to obtain this form of protection.

As top threats to our economy and national security, it is important for everyone to remain in the know about these two perilous acts. As a business owner, obtaining cyber liability insurance before the New Year begins should be a top priority, as businesses of every size are vulnerable to the threatening acts of cyber criminals.

While an individual, business, or our nation as a whole cannot fully prevent acts of terrorism, we can remain up to date of the latest news and information on a broad spectrum. Rather than viewing the same news source each day for years, switch it up and look into utilizing news sources that offer worldviews, such as Al Jazeera.

Serving Goleta, Santa Barbara, and surrounding cities, contact Brown & Brown Insurance Services of California, Inc., for all of your business insurance needs. Please do not hesitate to give us a call if you are worried about where your coverage lacks. We are always available to answer to your questions and concerns.