Tag: cyber insurance

Whether you’re a small business owner or a global corporation, the cost of being without cyber insurance after an incident can be extreme.

The growing cost and number of data breaches has spurred more interest in cyber insurance. While companies often increase investments in technology and training programs to reduce the likelihood of a breach, a recent Ponemon Institute survey of risk-management professionals found that 31 percent of companies surveyed have cyber insurance and 39 percent plan to purchase cyber insurance in the future. Learn how to outline your response plan with our data breach response guide. Source: Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age

Businesses are purchasing cyber insurance policies to protect themselves from the crippling cost of a data breach.