Posts Tagged ‘Increasing’
Combined liability insurance – why are prices increasing?
When we talk about commercial insurance, there are two main types of cover, for liabilities and property. Certain types of business may choose to obtain cover for commercial liability insurance.
There are various reasons for this, for example a business may decide that the assets they own are at such a small level that they do not need to insure them, or they could be covered under a home insurance policy or through a maintenance contract with the equipment suppliers. Alternatively, they may decide that the liability risks the business faces are far more important and spend their monies on this element of cover only.
An Increasing Number of Hackers Targeting at Small Businesses
The evolution of the internet and innovations in technology has resulted in criminal activity that can harm consumers and businesses. For instance, it is not only multi billion dollar corporations facing online threats such as hackers. Small businesses are now facing the same security threats as large corporations. Reports are now coming out showing that more hackers are targeting small businesses. The reason that there is an increase in hacker attacks is that small businesses are seen as more vulnerable as they do not have the same security measures as the big corporations.
When a hacker penetrates a small business server system, they are searching for customer information such as credit card information and identity information. They are also looking for business data that they can exploit. Small businesses tend to have more security holes as they do not have the knowledge and IT team to properly secure their systems. This has made small business vulnerable to such dangers as Trojans, viruses, spam, and Phishing attacks. As well, hackers are finding it easier to actually penetrate a small business server system. For instance, if a small retail store that does thousands of transactions daily has an unsecured system, a hacker can get in and steal thousands of their customer financial information such as credit card data.