The Opus & Ponemon Institute found that 59 percent of companies experienced a data breach in 2018.
That number has been on the rise in recent years. An even more sobering statistic from the National Cyber Security Alliance is that 60 percent of small businesses experiencing a severe hack end up going out of business.
The Federal Trade Commission’s update to the Safeguards rule puts more emphasis on companies protecting consumers’ data.
Independent automobile dealers can also take an added step and purchase a cyber liability insurance policy through Universal Casualty Risk Rentention Group, Inc.
Universal is offering free quotes at firstname.lastname@example.org.