Cybersecurity Insurance: Once Optional, Now Essential
InformationWeek, Friday, December 1,2023
For business leaders, the rules have changed: Cybersecurity insurance can no longer be thought of solely as an 'IT responsibility'.
Two universal truths have emerged for business and IT leaders across industries. First is that the role of IT is shaped by business need and organizational strategy. To stay ahead, organizations must adapt to secure data and systems in alignment with the fast-paced evolution of technology influenced by the business. Unfortunately, business leaders typically prioritize functionality and efficiency in a vacuum, not understanding the implications of security before moving forward. Consequently, they may rely on cybersecurity insurance as a fallback without fully realizing the potential risks involved.