Data Breach: Why Should We Care?
Paul Bantick · 2014
• The potential insurance market for this business is massive – as demonstrated by the rapid growth of data breach insurance in the US. New EU-wide data privacy legislation is due to be passed in the next year and will bring with it punitive measures for firms mishandling data. This will force companies to inform clients of any data breach – no matter how big or small. These regulations could to be a game changer in terms of insurance penetration.