Running a business is like being in the driver’s seat of a high-performance car. It’s fast-paced, competitive and full of passion. But even the best racecars can’t go far without regular pitstops. Skipping those important checks is like failing to assess the security risks in your business.

Despite believing they were immune, a small law firm in Maryland fell victim to a ransomware attack. Similarly, an accounting firm in the Midwest lost all access to its client information, financial records and tax files. They assumed that antivirus software was all the security they needed to thwart a cyberattack.

Every business, regardless of its size, aspires to grow. To make this happen, business owners work tirelessly to build the right strategy that will promote growth and drive profit. Unfortunately, many businesses find it difficult to keep up with the demands of a technology-driven space.

A solid tech plan is non-negotiable for any business that wants to succeed in today’s competitive tech landscape.

When paired with effective budgeting, this plan ensures that your technology investments not only align with your organizational goals, but also make the best use of your resources.

Whether you’re a small business or a multinational corporation, your success hinges on the integrity and availability of critical data. Every transaction, customer interaction and strategic decision relies on this precious asset. As your dependence on data grows, so do the risks.

Imagine being the owner of the most popular coffee joint on the corner. Your loyal customers line up outside each morning, eager to grab their caffeine fix. But, one day, as your staff hustles to keep up with the orders, a sudden storm knocks out the power, leaving the cafe in the dark.

How secure is your IoT (Internet of Things) data? If you don’t know the answer, you could be in trouble. Yes, IoT devices, or “smart” gadgets, have indeed made life easier for people and businesses like yours — but they can also expose your data and privacy to hackers.

Is your business prepared to confront today’s growing cybersecurity threats? Although adopting the latest technologies and industry trends is undoubtedly crucial, it is equally important to ensure that your business has the best cyber liability insurance.

In the current digital environment, where cyberthreats are commonplace, it makes perfect sense to have cyber liability insurance. However, just having a policy in place doesn’t guarantee a smooth claims process.

Cyber insurance policies come with varying terms and coverage, requiring meticulous examination of inclusions and exclusions, and deciphering technical jargon.

Keeping sensitive data and critical tech safe from cyberattacks is crucial for businesses like yours. Your survival and growth depend on how well your organization can withstand cyberthreats. That's where cyber risk management comes into play. Businesses with solid cyber risk management strategies can build formidable cyber defenses and reduce risks without compromising business growth.