June 29, 2016

Clarifying the Cost and Value of Cyber Insurance

As we are all aware by now, data breaches are a fact of life for most businesses – and in particular for businesses that collect or engage private customer data within an internal electronic network. The annual Ponemon Cost of Data Breach Study: Global Analysis report provides indisputable evidence that cybercrime is a permanent risk organizations need to be prepared to manage.[1] In particular, highly regulated industries (i.e., financial services and healthcare) have the most costly data breaches because of fines and the higher-than-average rate of lost business and customers.

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Topics: Cyber Insurance