Privacy and Data Protection

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APPENDIX 5-L: Determining your Company’s Cyber Insurance Needs

Many companies struggle today in determining what types of cyber insurance coverage to purchase and whether or not they’re ready to purchase cyber insurance. As with all insurance purchases, it’s important to weigh the hazards the company faces, and appetite for risk and premium costs. Of course, cyber insurance isn’t for everyone; however, in today’s vulnerable and interconnected high-risk environment, almost all companies make good candidates for cyber insurance. Provided below are questions that can help a company determine if it needs cyber insurance.

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