According to a poll by Insureon/Manta, only 16% of small business owners think so. This is despite the fact that more than half (61%) have already been hit with a cyberattack. Cyber liability insurance, such as a policy offered by Insureon, can cover expenses in case of attack (e.g., notification of customers, fraud/credit monitoring services, cyber extortion reimbursement, legal fees).
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.