June 25, 2012

Why do I need this coverage if I have antivirus software, data encryption, or an IT department?

Many companies believe investing in leading security software or IT outsourcing makes them impermeable to cyber-losses. While these resources help to prevent or mitigate losses, the truth is that neither can guarantee protection from a network breach. The proof is in the mega data breaches from some of the leading global corporations. These entities suffered dramatic financial losses even with top notch anti-virus software and expert in-house IT departments.