Data breaches pose one of the most pressing and potentially devastating risks to businesses across the globe.
The significant financial and reputational damage resulting from a hack can impact the entire business on an unprecedented scale. The problem is increasingly widespread in our hyper-connected world, and according to the Identity Theft Resource Center, 781 data breaches were recorded in the United States in 2015, the second most active year in the past decade.
These threats continue to grow at an exponential rate, and cybercriminals are becoming increasingly sophisticated in their methods of attack. Now more than ever, it’s imperative that businesses both large and small go on the offensive to safeguard the sensitive information of their employees, partners and customers by taking the proper preventive measures and implementing a comprehensive Cyber liability insurance policy.
The term “Cyber liability” insurance is somewhat of a misnomer because people tend to equate the word “cyber” with a technological hacking event.… read more > “5 essentials of a Cyber liability insurance policy”