Compass IT Compliance Blog / Cybersecurity Insurance (2)

Cyberattacks on the Rise – Everyone Pays the Price!

Cyberattacks on the Rise – Everyone Pays the Price!

It is no secret that cyberattacks have been rising over the past decade. A 2019 Accenture and Ponemon Institute report found that security breaches increased by 11% since 2018 and 67% since 2014. To meet this rising challenge/opportunity, cyber liability insurance (cyber insurance) ha …

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Cybersecurity Insurance: Think You're Covered?

Cybersecurity Insurance: Think You're Covered?

IT security breaches have become so commonplace in recent years that they barely seem to raise an eyebrow anymore: Target, Bank of America, I.R.S., the list goes on. With that rise, the claims on Cybersecurity Insurance have risen as well.

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