Cybersecurity breaches are consistently increasing in frequency, and businesses, especially those who handle sensitive information, need to be prepared. Virtually everyone employs safety measures such as firewalls and anti-virus software as the first line of defense. However, when a breach does occur, your business may incur financial losses and be liable for any damages to third parties. Cybersecurity insurance can protect your firm from the fallout of a data breach, mitigating losses and damages.