One way to protect your business from financial loss, reputational damage, and the expense of regulatory scrutiny in the event of a data breach is to require your vendors, with access to your customer and employee personally identifiable information, to carry cyber insurance.

Many businesses routinely require their vendors to promise to indemnify them from any loss or expense arising out of the vendor’s goods or services. They also routinely require their vendors to maintain certain types and amounts of…
Continue Reading Cyber Insurance: Why you should require certain vendors to have it