UK companies are using insurance instead of security to protect your personal data

This really is NOT cool. UK companies, instead of investing in taking the privacy of personal data seriously, i.e. by implementing controls that prevent unauthorized access, they are taking out insurance policies to protect themselves from the ensuing damages that could follow. According to Beer, of the UK companies that had insurance protecting against “theft or misuse of assets such as electronic data or customer records”, an enormous 83% had successfully made a claim on the policy, compared with only 13% globally. Read more: Companies turn to insurance as data-loss safety net at PC Pro

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