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Cyber liability: how can businesses protect themselves against underestimated cyber risks?

Cyber liability: how can businesses protect themselves against underestimated cyber risks?

  • United Kingdom
  • Financial institutions - Digital Financial Services

19-01-2017

Download the full briefing: Cyber liability: how can businesses protect themselves against underestimated cyber risks?

The cyber threats facing businesses are more sophisticated than ever. The widespread use of cloud computing and the continuing emergence of new technologies creates additional risks for businesses to consider.

Data and IT systems are crucial to the effective operation of almost every business. Cyber liability is not an IT risk, it is a strategic business risk. Virtually every business relies on IT infrastructure and, as such, will be exposed to the risks of business interruption, income loss and reputational damage if IT equipment or systems fail or are interrupted, or if data is lost or misused.The average cost of data breaches is $3.8m for companies around the world.

Download the full briefing: Cyber liability: how can businesses protect themselves against underestimated cyber risks?

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