Cyber insurance is a necessity for businesses, but what about homes?
TechTarget defines a data breach as “a confirmed incident in which sensitive, confidential, or otherwise protected data has been accessed and/or disclosed in an unauthorized fashion. Data breaches may involve personal health information, personally identifiable information, trade secrets, or intellectual property.”
The number of data breaches in businesses has grown from 157 in 2005 to 1,473 in 2019, according to Statista. While the cyber risks to homeowners have some similarities to those of businesses, there are additional risks that are unique to them. For instance:
• Cyber Breach. The loss of personal information. According to new research from Parks Associates, 5% of U.S. broadband households annually experience identity theft, which equates to 5.5 million households affected and at least 6.6 million people.
• Cyber Extortion. The threat to publicly release personal information
• Cyberbullying. Online harassment could occur in a business, school, or personal situation
• Cyber
