Cyber liability refers to the potential risk and financial losses arising from data breaches, cyber-attacks, or other digital threats to an organization’s computer systems, networks, or sensitive information. This liability typically encompasses costs related to investigation, notification, legal defense, and damages to affected parties.
The escalating threat of cyber security crimes and the heightened risk of data breaches underscore the pressing need for businesses to address and mitigate these risks. Despite the challenges posed by rapid changes, proactive identification and management of cyber risks are possible through effective prevention efforts and careful planning, offering a pathway to safeguard your company.
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