In the age of the General Data Protection Regulation (GDPR) and Big Data, it is imperative for every business, large or small, to know the amount of data collected, processed and circulated by the various organizations, as well as their security which the company itself maintains and stores.
Cyber Insurance is a crucial part of the risk management strategy that every company must use to manage residual risk, which it cannot reduce by using procedures and policies.
With the help of Cyber Insurance, companies will protect their balance sheets and effectively manage the consequences of these incidents.