In the past, ransomware was a tool utilised only by the smartest of hackers, in high profile and highly destructive planned attacks. While the effects have always been detrimental, the probability of being subject to a financially crippling attack was extremely low. Unfortunately, this is no longer the case. It is no secret that businesses and individuals alike are at risk of a cyber-attack, with nearly 50% of all businesses suffering a breach in some form or another.
The Internet of Things (IoT) and other new technologies create a variety of new security risks especially when connected to the internet. Cyber criminals can exploit these vulnerabilities to harm customers
Law firms need to realise that Cyber insurance is not only for â€˜internet-based or technology companies`.
We have all read of the TalkTalk data breach in 2015 where more than 157,000 of its customers’ personal details were accessed.
After four years of discussions, an agreement has been reached between the EU Parliament, European Commission and EU Council for the formation of a new EU data protection framework, heralding a new harmonised future for data protection law in Europe.
The EU Data Protection Directive, officially Directive 95/46/EC, is the European directive designed for the protection of personal data during processing and movement within companies.