Cyber security insurance or better data protection?
The volume of data in organizations is constantly growing and many companies are grappling with the question of how to protect this amount of data from ransomware attacks or data breaches. Cybersecurity insurance only helps repair the financial damage. Cyber security solutions provide critical protection for networks, systems and data. In order to protect themselves beyond successful cyber defense, more and more companies are taking out cybersecurity insurance so that they can compensate for financial losses in the worst-case scenario. However, many companies lack knowledge about how cyber insurance works, when it makes sense and what the total costs are...
