As I write this article, there are a growing number of companies around the country that are feeling more financially secure than they should. Their security comes from their purchase of cyber insurance to help covers any costs related to a data breach, an approach growing in popularity. I would suggest however that their security may be misplaced. Many companies will discover to their shock, that if they fail to take reasonable precautions, that their insurance investment will be worth the approximate value of the paper it is printed on.
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Source: COMPUTER WORLD