Cyber insurance can protect you from the risks of having an online presence and can limit the damage caused by a data breach. It can also help you resume your operations quickly following a cyber-attack. Any business that deals with sensitive data including names, addresses and banking information can benefit from purchasing cyber insurance. A report from the Federation of Small Businesses found that two-thirds of its members had become victims of cybercrime over a two-year period, so it really is worth taking action even if you don’t think you’re likely to be targeted. The new GDPR rules mean you can be fined up to 4% of your turnover or up to €20 million – whichever is greater – if your customers’ sensitive information is stolen, lost or leaked. Your insurance can cover you for everything from the loss of memory sticks and employee theft to data breaches, business interruption and denial of service attacks to give just a few examples.