The potential ramifications of a data breach for an organization are many, but with growing ransomware demands and huge financial penalties under regulatory schemes, such as the California Consumer Privacy Act and GDPR, the monetary fallout of suffering a data breach has taken on greater importance.
This has given rise to discussions around a newly emerging form of indemnity that seeks to protect the wallet book of businesses should they fall victim to cyber-attack – that of cyber insurance.
This session will explore the importance and necessity of cyber insurance for modern enterprises, outline what businesses must assess when considering investing in cyber insurance policies and address how organizations can recognize what type of coverage is right for them now and in the future.
Key takeaways:
- The growth and evolution of cyber insurance
- How to determine if a cyber insurance policy is right for your business
- The future role of cyber insurance in the information security landscape
