Why does your business need cyber insurance?The WFH model makes businesses much more vulnerable and easy targets for cybercriminals. Some of the reasons include A lot of people accessing their work data from home networks, which lacks high-level security The inability of businesses to monitor the work-related IT activities of their staff and, The use of personal devices by employees for work purposesBusinesses can overcome this challenge through a combination of tools and actions such asInstalling anti-malware software Putting in firewalls to safeguard their work networkHaving clear and effective IT policies in place when operations are remoteProviding staff with laptops or desktops to use for work purposes during the WFH phaseTraining employees to identify cyber threats and steer clear of themEducating employees on password hygiene and cybersecurity best practicesHowever, these measures are no guarantee that nothing will ever go wrong! When you lose data accidentally or, when your data is compromised or held ransom, your first thought would be to get access to your data and get your business back on its feet.