With the recent implementation of the GDPR in May of this year, this also means that companies must report any non-compliance to the ICO (Information Commissioner's Office). 1 in 5 companies can't be attacked online, and you still have 85% of companies doing "better than average" or even at the top of the stack. The reality is that many leaders simply don't understand what they're dealing with. With an attack that takes place in less than a minute, millions of businesses are affected throughout the day. Second, with the advent of network technology, everyone everywhere has been exposed to the media more than ever. To prevent this, it is important that you conduct a compromise assessment and identify gaps in the current structure of your IT business. Even if you have the best technology at
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Businesses should therefore make sure they know exactly what they are getting into when they choose cybersecurity insurance and that it covers potential losses from the most likely cyberattacks, including ransomware, phishing and DDoS attacks. A more comprehensive cyber liability policy with higher limits would be worth its own standalone policy. Cyber liability insurance is typically for larger businesses and provides more coverage to prepare for, respond to and recover from cyber attacks. Purchasing cyber risk and data protection insurance can help a business recover from the financial and legal burdens that a security breach can bring. The amount of liability coverage in a cyber security and privacy insurance policy depends on the needs of the business. Policies vary widely, as most i
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