Protecting Your Business Against IoT Attacks: How Cyber Insurance Can Help
- Del Vath
- Apr 1
- 1 min read
Updated: Jul 30
The Internet of Things (IoT) has transformed the way businesses operate, enabling everything from smart office systems to supply chain management. But this transformation brings risk: every connected device is a potential entry point for cybercriminals. Is your business prepared for an IoT breach, and do you have a recovery plan in place?
IoT devices often lack robust security features, making them vulnerable to attacks that can disrupt operations, compromise data, and even impact customer trust. Could your business manage if an IoT security camera or smart thermostat was hacked, giving criminals access to your broader network?
This is where cyber insurance comes in. Cyber insurance offers a way to protect your business in the event of an IoT device breach. It can cover the costs of data recovery, legal fees, and physical damage to your property by an inflicted IoT device! The worst time to discover that you don’t have the proper coverage is after a loss. That’s why it is vital to discuss these exposures with a cyber insurance expert.
At Knight Insurance Group, we offer policies that account for the unique risks of IoT, helping you safeguard your business against evolving threats.
Del Vath is a cyber risk consultant and resource manager for Knight Insurance Group.
