Understanding Cybersecurity Investment

Companies with ability or popularity always attract attacks. Deep Seek is one of those companies. She doesn’t…

Companies with ability or popularity always attract attacks.

Deep Seek is one of those companies. She doesn’t even know whether she has become a target because of her popularity or ability. She has faced a lot of online attacks in reality.

Understanding Cybersecurity Investment

Currently, many people are aware of cybersecurity; however, they have little idea of how to implement it or how much a company should invest in it. Deciding how much to invest in cybersecurity is an art. It should be proportional to the size of the company, its popularity, and its exposure among the public.

Ways to Approach Cybersecurity

One option to consider is purchasing cybersecurity insurance. There are two types of insurance:

  1. Traditional Cybersecurity Insurance: This type functions like medical insurance. When you buy it, during the coverage period, if your company is attacked, you will receive compensation. However, experiencing an attack and having to take remediation is not something any company wants to face.
  2. Proactive Cybersecurity Insurance: This type is also paid annually in advance. Within the coverage period, the service provider ensures that your company is protected against potential cyberattacks and provides necessary cybersecurity intelligence, including takedown actions.

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