The US and UK business markets have been one of the major markets hit
by cyber-attacks in recent time. Since this has become a global epidemic, governments
all over the world have finally agreed to pull resources to tackle this growing
plague.
Even the Asian market have not been spared of this malicious attacks as
a major market player like Sony had to suffer data breach to these cyber
hackers. Cyber-attacks are no longer a continental disease and it seems like
even with the upgrade in security technology, cyber hackers too have made an
upgrade. To help cushion the effect of these risks and losses, government is
partnering with leading Cyber insurance brokers. Cyber insurance brokers would
be able to bear the risks and keep these businesses afloat in case of a data
breach.
A data breach cannot only affect the reputation of a company; the
company could also face legal prosecution from clients. Cyber-attacks are not
just small businesses targeted; they hit big businesses that have access to
sensitive data of clients. While the world governing powers put heads together
to solve this problem once and for all, Cyber insurance brokers have a lot to
play to help weather the storm.
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