Cybersecurity insurance: The new trend in business insurance policies

In today's technology environment, most businesses rely on data to drive their operations. Collecting and analysing data allows your company to better understand the market and uncover valuable insights. But as more organisations race to collect as much data as they can process, a new risk has emerged. Data security risks have affected both large and small businesses. In 2013, one of the largest retailers worldwide, Target, lost almost $300 million as a result of a data breach.