Business, 03.03.2020 00:28 Boayerik

You are a very small company that sells healthcare insurance plans. You estimate that the breach of your customer database will cost you $100,000 and that this might happen once in 5 years. A vendor wants to sell you a Data Loss Prevention (DLP) solution that would cost $30,000 per year.
Which of the following is the best course of action?

a. Spend $25,000 on cyber insurance to transfer the risk
b. Spend the $30,000 to mitigate the risk
c. Accept the risk
d. Spend whatever it takes to ensure that this data is safe. Its sensitive data, after all!

Answers: 2

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You are a very small company that sells healthcare insurance plans. You estimate that the breach of...

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