Everyone’s conscious of it, but very few people really know what it is they need to be worried about exactly. They don't know where to start. They don't want to get hacked, but they don't understand what can happen, how it can happen, what the results will be, and what can be done to avoid it.
Cybersecurity refers to the practice of analysing vulnerabilities and then protecting computer systems, networks, software, and data from digital attacks, theft, damage, or unauthorised access. The primary goal of cybersecurity is to ensure the confidentiality, integrity, and availability of information and information systems.
Ineffective cyber risk management can have serious consequences for organisations since it can compromise the security, reputation, overall well-being and ultimate survival of the business. Managing this requires the understanding and full support of your Executive Suite to identify, evaluate and deploy a combination of technological solutions, policy development, education, ongoing vigilance and response/control/financing measures. This will ensure that your business can be resilient against an attack, and can recover more quickly, more completely, and at the lowest possible cost to your organisation.
The cyber threat landscape is constantly evolving and increasing in sophistication and intensity. It is critical to remember that both companies and individuals need to stay informed about emerging threats and adopt proactive measures to ensure that strong cyber defence is maintained.
Managing the many factors is an arduous process but is far less painful and costly than recovering from a significant loss.
Fortunately, there are a number of external and self-administered resources PRFC can suggest to assist your team in identifying and evaluating your risks. We can then directly help you in your efforts to create a financial safety net via a robust cyber liability solution.
