Insider's High Limit Cyber Coverage Secrets for Staffing
The Importance of Cyber Coverage for Staffing Agencies
Staffing agencies handle a vast amount of sensitive data, including personal information of candidates and clients. This makes them prime targets for cybercriminals. According to a report by Cybersecurity Ventures, cybercrime is predicted to cost the world $10.5 trillion annually by 20251. For staffing agencies, a single data breach could result in significant financial losses, legal liabilities, and reputational damage.
Having high limit cyber coverage not only protects against these potential losses but also demonstrates to clients and candidates that your agency prioritizes data security. This can be a competitive advantage in the staffing industry, where trust and reliability are paramount.