Landlords slash costs with cyber insurance renewal secrets
Why Cyber Insurance is Essential
The real estate industry is increasingly reliant on digital technologies for operations, from managing tenant information to processing online payments. This reliance makes landlords particularly vulnerable to cyber threats. A 2023 study found that 43% of cyber attacks target small businesses, including landlords, due to their often inadequate cybersecurity measures1. Cyber insurance not only mitigates the financial risks associated with such incidents but also offers peace of mind.