The Internet is a dangerous place. Thousands of emails come into the small-business workplace every day. Employees view hundreds of Web pages that may have deadly viruses. They use their own devices to access the company's network. Unfortunately, many times when these devices are outside of the office, they are left unsecured.The Ponemon Institute
has estimated that it can cost as much as $200 for each "compromised record." What can this mean when it happens to a small business that has limited resources to recover from such a mess? It gets even more costly if a small business's customer information was also compromised.
For this type of problem, some small businesses get cyberinsurance to reimburse the company and its customers for the damages of such an attack. Ethan Miller
, an insurance attorney at Hogan Lovells, says the cost of a policy may be as low as $3,000 a year. Companies that offer such insurance include Travelers
, Philadelphia Insurance
Does your company have cyberinsurance?[USA Today]Read more Leadership Watch articles.Photo: iStockphoto