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Many organizations are still relying on the "wait and hope" or "it won't happen to me" approach to cyber incidents. With cyberattacks increasing in frequency and level of harm caused, the stakes are too high to avoid the inevitable.
As a result, the cost of cyber insurance is on the rise and regulatory requirements are increasing globally. Data privacy regulations are becoming increasingly complex and as the latest SEC rulings show, companies will be held increasingly accountable for not only reporting breaches sooner but ensuring company leadership has knowledge and insight into cyber risk. In addition, more businesses are facing legal actions alleging improper preparation to avoid and/or respond to a breach event. Arguably one of the best tools to assist in preparing for and avoiding some of the negative consequences of a cyber event is a tabletop simulation exercise.
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