Nearly half of businesses around the world experienced a cyber attack in 2017, a new report from Hiscox Ltd. shows, and on average it cost those affected $229,000 in remediation. Here, Jerry Thompson, senior vice president at Identity Guard, explores how companies can better prepare for cyber attacks. (Photo: Shutterstock)
Gauging a company's true data breach risk from the outside is a difficult endeavor for insurers, with challenges both technical and informational. But even less attention has been paid to how companies would manage a breach if it happened, which has an enormous impact on the toll of the final damage.
No organization is immune to breach. If the National Security Agency can lose data, anyone can lose data, yet the scope of the current issue is still astounding.
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