The holiday season is almost here, and shoppers can't wait to scoop up the incredible discounts and deals on offer. Many retailers are up-scaling their preparations in anticipation of record-breaking Black Friday and Cyber Monday sales.
A lot of sensitive personal data will change hands as hundreds of millions of transactions take place during the holiday shopping season. If you're a retailer, this is the right time to consider getting cyber liability insurance in Seattle, WA, for complete data breach coverage. Liability protection is also vital for shoppers, many of whom will be using digital systems to buy and pay for goods.
Here's why you need cybersecurity insurance for peace of mind throughout the upcoming mega-shopping season:
Over the past few years, online shopping has grown exponentially during Cyber Monday and Black Friday. The two holidays were, respectively, the busiest and second-busiest online shopping days in U.S. history in 2020.
This trend is expected to continue through 2021, according to recent projections:
Watch out for these cyber liability risks over the upcoming holiday shopping season:
Higher transaction volumes during the busiest time of the year make you a prime target for cyber attacks. You'll be handling more customer data, including credit card information. Also, you'll be relying more on digital systems to facilitate payments and online transactions.Cyber liability coverage can pay for claims you're liable for after experiencing a data breach. It'll give you the peace of mind to keep your systems online and take full advantage of Black Friday and Cyber Monday sales opportunities.
You may be more vulnerable to data breach attacks when shopping over the Thanksgiving weekend because:
Whether you're a shopper or business, our team at Humble & Davenport Insurance Brokers, Inc. can help you protect your data or information against cyber threats over the holiday shopping season. We provide the following guarantees as an independent insurance agent: