Despite the relatively new nature of cyber insurance policies, small businesses are finding value in their offerings, according to witnesses who testified before the House Small Business Committee on July 26. “It affords me the knowledge that if we were hacked, protective steps have been taken to address any potential damages to the company and my employees,”said Robert Luft, president of SureFire Innovations. […]

Small businesses are prime targets for today’s hackers, according to witnesses testifying at the House Small Business Committee. “According to a recent report by Verizon Enterprise, over 70 percent of attacks occurred in businesses with fewer than 100 employees,” said Rep. Steve Chabot, R-Ohio.