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Does your small business need cyberattack insurance?

from Globe and Mail

For many small businesses, a fire that destroys all of their operations might be preferable to getting hacked. At least in the case of the fire, there’s a good chance the damages will be covered by insurance. Cybersecurity protection for losses of data or network assets is in its infancy in Canada, at least as far as small and medium enterprises are concerned. Only about seven per cent of small businesses — those with fewer than 50 employees — had cyberliability insurance in 2017, according to Statistics Canada. more


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