“There are only two types of companies: Those that have been hacked and those that will be hacked.”– Robert S. Mueller, III, Director FBI
In today digital era, your customer database as well as your brand reputation could be one of your company most valuable asset. But at the same time, violation of privacy data or breach would equally be an expensive liability.
While companies may adopt and invest in the latest technologies, system, best practices etc, the speed technology advances would easily make today’s best system obsolete in no time.
Negelient of internal employees as well as threats from global hackers could lead to compromisation of your network system, causing business interruption and possible third party liability.
And as technology becomes more complex and sophisticated, the best possible approach to migrate this risk is to take up a Cyber Insurance.