Using cyber insurance to run virtuous circles around cyber risk

Computer Fraud & Security Magazine | October 2018

By Dr. Mike Lloyd, Chief Technology Officer

In 2016, the Ponemon Institute, which conducts independent research on privacy, data protection and information security policy, concluded that each of the 383 companies it surveyed had a “26% probability of a material data breach involving 10,000 lost or stolen records” within the “next 24 months”. Work this out over the long term, not for two years but for the projected life of your business and you must accept the certainty of data breach just as you accept the certainty of death and taxes. Breaches will happen. They will happen to you.