Global data protection regulations (new or updated) are being enforced aggressively, resulting in a tsunami of hefty fines and penalties handed out to violators. The majority of these violations are a result of the failure to conduct regular risk assessments, which form an integral part of the ‘appropriate measures’ a business must take to ensure information security.
Fines, Penalties and Violations! Oh My!
3 Types of Cyber Insurance You Need to Know About
As the world becomes more digitized and cybercrime increases, the need for cyber insurance is something businesses should not overlook. If your company handles, transmits or stores sensitive data, you need to know about cyber insurance.
Cyber insurance is intended to protect businesses from the monetary losses arising from a cyber incident that could jeopardize their future.