The adoption of artificial intelligence (AI) technologies has hyper-accelerated the amount of data being generated. This growth will continue exponentially as newer platforms and tools are developed. As businesses turn to novel insurance models, which by definition are new and do not resemble what we have known or used previously to evaluate the risks related to retaining sensitive data in the current cybersecurity climate. Organizations need to understand their risk profile and the financial reality of the loss of access to their data.
it’s more important than ever to truly understand and plan for the threat landscape and the potential financial implications associated with cyber incidents, data exfiltration, and work stoppages.
The importance of data and an organization's capacity to appropriately protect it will be essential factors in assessing overall risk, influencing investors, insurability, and overall profitability.
