Demystifying Cyber-Liability Insurance

This session is brought to you by Pedro Nunez, CEO of IT Management Solutions and Justin Reinmuth, CEO of TechRug (The Technology Risk Underwriting Group). Justin will bring his experience helping companies all over the US to address Cyber Liability risks, concerns that are on the minds of business owners everywhere.

During This Webinar You Will Learn The Answers to the Following Questions:

- What is willful negligence?
- Should I worry about Cyber Security?
- What happens if or when my business is breached and data is stolen?
- Will my policy cover my legal costs?
- How do I determine if I have the right coverage?

Here are some alarming statistics from 2019 about ransomware:

• There were approximately 204 million ransomware attacks in 2019
• Ransomware business attacks in 2019 rose 365% from 2018
• Ransomware payments will top $11.5 billion this year
• Ransomware downtime costs an average of $8,500/hour
• Ransomware claims a new victim every 14 seconds
• There were 222 new strains of Ransomware created in 2019