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

By a News Reporter-Staff News Editor at Insurance Weekly News -- 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., 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 businesses."

Keywords for this news article include: Relation Insurance Services.

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