Connected business insurance and technology
Search Advice
Threat Evolution
Coined the “Internet of Things,” as we connect more devices via the internet (home monitoring, banking, smart appliances, etc) to create efficiencies, we also increase our vulnerability to cyber attacks – both for businesses and individuals.
As technology evolves, so does the impact of risk. For individuals, awareness and knowing how to protect your personal information from being compromised are most important. For businesses, there is a need to have measures in place to proactively mitigate the risk and also reactive measures if the business is impacted. In addition to insurance to provide coverage in the event of a privacy breach, proactive measures to protect data should be implemented, audited and updated regularly to improve resilience.
As technology evolves, so does the impact of risk. For individuals, awareness and knowing how to protect your personal information from being compromised are most important. For businesses, there is a need to have measures in place to proactively mitigate the risk and also reactive measures if the business is impacted. In addition to insurance to provide coverage in the event of a privacy breach, proactive measures to protect data should be implemented, audited and updated regularly to improve resilience.