Organizations increasingly face the risk of cyber attacks that result in operational disruption, reputation damage, and significant unforeseen costs. To address this risk, businesses need a proactive plan, robust cyber defenses, and cyber insurance; these three pillars work together. To stay secure, organizations need to invest in people, tools, and have a plan for how to respond if a breach occurs. Threat prevention is a continuous process starting with improving an organization’s security posture and including threat detection and response. Cyber insurance is needed to buffer organizations from the unexpected costs of dealing with a security breach.
