Unfortunately, given the many attack vectors that exist, and the fact that hackers are constantly finding new ways to use technology to exploit weak security practices, the odds are increasing for companies to experience some form of data loss or breach in 2019. Despite taking necessary precautions, mischief makers may still get beyond the company firewall. It is important to have an action plan in place to help deal with such an event before it happens. In fact, planning ahead could help your company mitigate damages.
Business disaster and continuity planning is just as important for cyber-threats as it is for physical threats. Similar to how businesses buy insurance policies to protect themselves from fires, hurricanes or floods, they can also purchase insurance policies to protect against loss from cyber-attacks. Cyber insurance policies, also known as cyber liability insurance coverage, provide a company with the necessary assistance to deal with the investigations, lawsuits or privacy violations that may have resulted from a data breach.
The cyber insurance market is estimated to double by 2020, with the boost to the market likely due to an increase in cyber risk awareness among C-level executives and high cyber-related losses. Consider whether a cyber insurance policy makes sense for your company.
The bottom line is, cybersecurity is a necessity that many businesses put on the back burner until they are in the middle of a crisis. However, this lapse can lead to severe financial losses and damage to a company’s reputation. By conducting an internal audit, training and monitoring employees, and planning ahead for how to respond to and recover, companies will be better prepared and protected, should threats come knocking in 2019.
More Info: entry level it certifications
Business disaster and continuity planning is just as important for cyber-threats as it is for physical threats. Similar to how businesses buy insurance policies to protect themselves from fires, hurricanes or floods, they can also purchase insurance policies to protect against loss from cyber-attacks. Cyber insurance policies, also known as cyber liability insurance coverage, provide a company with the necessary assistance to deal with the investigations, lawsuits or privacy violations that may have resulted from a data breach.
The cyber insurance market is estimated to double by 2020, with the boost to the market likely due to an increase in cyber risk awareness among C-level executives and high cyber-related losses. Consider whether a cyber insurance policy makes sense for your company.
The bottom line is, cybersecurity is a necessity that many businesses put on the back burner until they are in the middle of a crisis. However, this lapse can lead to severe financial losses and damage to a company’s reputation. By conducting an internal audit, training and monitoring employees, and planning ahead for how to respond to and recover, companies will be better prepared and protected, should threats come knocking in 2019.
More Info: entry level it certifications
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