Three Common Myths about Cyber Security – What Small and Midsize Businesses Should Know as Cyber Risk Grows

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WALNUT CREEK, Calif.–(BUSINESS WIRE)–Relation
Insurance Services
, a premier insurance brokerage that offers
superior risk-management, benefits, and TPA-consulting services through
its family of brands across the U.S., today announced a new white paper
dispelling the three most common myths of small to medium sized
businesses (SMBs) regarding the cyber security insurance market. “An
Overview of the Cyber Insurance Market” is the result of research into
overall cyber security measures, or the lack of, by SMBs.

“There is a lack of awareness by SMBs regarding the impact a
cyber-attack can have on their organization,” said Stephanie Reilly,
Vice President, West Coast Risk Management Practice, Relation Insurance
Services. “According to CyberSense small businesses account for 43
percent
of cyber-attacks. It can devastate a business, never to
recover. In addition, most general liability insurance policies were not
designed to address these breaches, and coverage is limited. Our goal is
to help educate SMBs to better protect the most vulnerable…

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