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Build Your Cybersecurity Toolbox

Though many of us have heard about tax-related phone schemes, not as many realize fraudsters seek to steal from taxpayers via email. In 2018, the IRS received 2,000 reports of phishing incidents seeking tax data from January through October 2018—a 60-percent increase over the previous year.

And these are only tax-related phishing scams. There are far more cyber risks facing businesses throughout the year, whether an employee loses a laptop or customer data is exposed in a data breach. These are year-round, daily threats for businesses of all types and all sizes. That’s why cyber risk insurance is an important tool in your cyber security toolbox. This type of insurance can cushion your business from the repercussions of a cyber attack.

The Cyber Suite from Pennsylvania Lumbermens Mutual Insurance Company offers cyber risk coverages to protect hardware retailers, home centers and home improvement businesses. This includes:

  • Data compromise response expense coverage
  • Computer attack coverage
  • Cyber extortion coverage
  • Data compromise liability coverage
  • Network security liability coverage

Plus, policyholders get access to risk management resources, such as an online portal that includes training modules, risk management tools to manage data breaches and a learning center with best practices and white papers. PLM’s Cyber Suite is available to property policy holders with aggregate limits starting at $50,000 in most states.

Ready to add this valuable protection? Learn more about the Cyber Suite by clicking here, or contact Steve Hicks at 267-825-9306 or shicks@plmins.com.

About Liz Lichtenberger

Liz Lichtenberger
Liz is the special projects editor for Hardware Retailing magazine. She reports on news and trends, visits retailers, and attends industry events. She graduated from Xavier University, where she earned a degree in English and Spanish and was a member of the swim team. Liz is a Louisville, Kentucky, native who lives in Indianapolis with her husband and two children. She enjoys swimming, reading, doing home improvement projects around her house and cheering on her two favorite basketball teams, the Kentucky Wildcats and the Xavier Musketeers.

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