Many thanks to CPO Magazine for publishing my recent article Cyber Insurance Becoming a Necessity, No Longer a Luxury for Prepared Companies.
In reality, there is no “secure” — even when the best security measures are taken. When hackers want to get in and disrupt a business, they will. Companies must be resilient, and the key is to have the ability to take that punch to the face, get back up, and keep the business moving forward.
Cyber insurance is critical for that by providing a company with the resources it needs to properly respond to and recover from an attack. However, business leaders need to understand the details of a policy and what it does and does not cover.
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