CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses
Joseph Steinberg
JULY 8, 2021
Recent crippling ransomware attacks have highlighted the tremendous financial price that businesses often pay after suffering a cyber breach; hacker-inflicted damages such as multi-million-dollar ransoms and even larger recovery costs, harmed reputations, and significant downtimes, which, not that many years ago, were topics of only fictional novels and films, have now become part our collective reality.
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