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How Much Cyber Liability Insurance Do You Need? | IT Governance
Cyber liability insurance helps organisations cover the financial costs of a data breach. It’s essential for any business that wishes to adequately prepare for disruptive incidents. Without insurance, organisations spend £3.6 million on average recovering from security incidents. That includes the costs associated with incident detection, notifying affected individuals and remediation. Plus, organisations will typically suffer lasting reputational damage that could lead to lost business. By purchasing cyber liability insurance, organisations gain the resources they…
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