Awareness of cyber risk is increasing, but some companies may be neglecting to prepare adequate response plans that could save them millions. 

To minimize the financial and reputational damage from a cyber attack, it is absolutely critical that businesses have a cyber incident response plan.

“Sadly, not all yet do,” said David Legassick, head of life sciences, tech and cyber, CNA Hardy.

In the event of a breach, a company must be able to quickly identify and contain the problem,…

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