In the context of the General Personal Data Protection (GDPR), the need for every business to know the amount of data collected, processed and distributed is now considered necessary. Most companies are exposed to network and online risks, as they manage personal data in every case.
Businesses should be prepared to protect and safeguard their data, balance sheets and effectively manage the consequences of such risks as they risk their corporate reputation and potential financial losses.
Cyber risk insurance programs include coverage for:
. The responsibility of the executives of the business.
. Data leakage or cessation of production process.
. Advisory services for crisis management.