Cybersecurity for Financial & Professional Services

Like many other industries, technology has become engrained in how you run your business- from prospecting to managing your books to billing, you’ve adopted technology to help created a better experience for your clients. As the foundation of your job, you work with a wide ranges of clients, offering services including accounting, banking, consulting and more. With all those clients at different levels of understanding cyber security and your access to large amounts of sensitive information, you are at a higher risk of a cyber attack.

1In 2021, the average total cost of a data breach for financial industry was $5.72 million and for professional services, $4.65 million.

Ways a Cyber Attack could Impact Your Business

Impact your reputation

Loss of clients, even if they weren’t impacted

Business interruption- can’t email, send invoices, etc.

A University of San Diego website blog says, “While financial institutions know security is an issue, many of them aren’t prepared and don’t know how to combat the increasingly sophisticated tactics of cybercriminals. Having cyber insurance, not only gives you the protection you need, but gives you access to much needed resources through your carrier. Adding cyber insurance not only provides you much needed protection, it can also help you meet any state or federal regulation and contract requirements from your clients.

See how Graham Cyber team can help you!

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