Identity theft is on the rise and the latest data breach from Equifax could bring an “avalanche” of cyber crime with losses of billions of dollars. These are times when the individual response of each one of us could urge our government to stop the growing crisis, and to change flawed credit application processes that lie at the core of it. The five steps described in this article are useful to those affected and whose privacy might be breached. A personal story highlights that identity theft is more common than people expect.
Great advancements have been made in cyber risk insurance since the first policies were introduced nearly two decades ago. Options available in 2017 offer organizations the ability to not only survive a data breach but the resources and finances to swiftly take it head on and win. Cyber threats have evolved but has your approach to insurance?