Make sure you have cyber liability insurance coverage.
Are you taking online reservations? Are you processing credit card payments online? Chances are you are utilizing a third-party or cloud vendor and your network is not storing the data. However, your customers’ personal information, in case of a data breach, is still your responsibility.
When it comes to the unauthorized release of personally identifiable information (PII), there are state laws requiring notification in the event of a potential loss of PII, as well as fines and penalties for not reporting the breach.
What if a cyber attack leaves your website down? Cyber liability will help with business interruption coverage in the event your computer system is hacked and your customers can’t find you, make their reservations or you can’t conduct business.