Despite the globally-increasing threat of cyber attack, and what feels like near-daily major news reports of data breaches in our most sensitive industries, many companies still under-value cybersecurity. While the data breach fatigue is real, organizations from every sector need to ramp up their IT security practices.
Staying agile is crucial in a fast-paced world. Businesses need to move quickly to stay ahead of their competition and react immediately when faced with (cyber) threat. Business processes need to be flexible to allow room for growth and evolution in the needs and shape of the organization.
When it comes to the IT security of your organization, you don’t want to leave anything to chance. These days, the vast majority of businesses worldwide are subject to cyber attack (upwards of 89%, in fact). You can’t risk making it any easier for your critical data to be accessed and stolen.
Time’s up! Cybersecurity compliance is no longer optional for global businesses as IT standards and regulations increase at both state and industry levels, worldwide.
While the modern business world becomes ever more digital, the need for insurance remains consistent across time. Lloyds of London, for instance, dates to the 17th century, building a global reputation for meeting the ever-changing requirements for insurance.
Unlike the 17th century, however, today’s demand is for cyber insurance.
With digitized business processes and data migrating to the Cloud, IT security is the biggest challenge organizations face, with a need to defend against data theft and other cyber-crime in an increasingly digital economy.