---
title: Can Your Business Survive a Cyber Attack?
description: Cyber attacks are costing companies billions of dollars. Is your company prepared for the costs related to a cyber attack?
---

[Townsend Blog](https://blog.townsendtotalenergy.com)

# [Can Your Business Survive a Cyber Attack?](https://blog.townsendtotalenergy.com/can-your-business-survive-a-cyber-attack)

 Written by [Townsend Energy & Insurance](https://blog.townsendtotalenergy.com/author/townsend-energy-insurance) | Jan 9, 2017 10:16:28 PM

Cyber attacks are costing companies ***billions of dollars**.* Small and medium-sized businesses are increasingly at risk. Is your company prepared for the costs related to a cyber attack?

**Here are some examples of costs related to cyber attacks:**

- The cost of remediation against attacks - such as notifying your customers
- Lost revenue due to a cyber attack
- Ransomware
- Legal costs related to cyber attacks
- Costs related third-party data storage

To understand the scope of the ever-growing concern, did you realize that 600,000 Facebook accounts are comprised *daily?* Using Facebook as a proxy for cyber attacks, generally, and considering that less than 3% of medium-to-small businesses have cyber coverage *and* that 65% of businesses are not even aware of what cyber liability is, it is clear that there is tremendous risk.

As a trusted partner to responsible entrepreneurs and business owners, Townsend Insurance Group customizes cyber-policies to address specific needs and budgets. 

 

[View full post](https://blog.townsendtotalenergy.com/can-your-business-survive-a-cyber-attack)

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