- blog repost from 2016 old site-
We have Always been big fans of the Verizon Data Breach Investigations Report
. And we love this years’ edition even more than before because of these findings:
…it shows that the majority of the insurance payouts go toward costs within the phase of breach recovery associated with determining just which creek you are up and your current paddle supply. Legal guidance during the crisis management phase and forensics investigations are where the majority of the cash is going.
Source: Verizon DBIR 2016, page 65
Now who told you to reconsider the need for a so-called cyberinsurance when it covers the costs of your lawyer only… Ahh, yes, we did…
Lesson learned: better invest your money in simple security controls (like better security awareness and adequate patchmanagement) and of course #ditchcyber!