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Published by Andrew Sharpe
Apr 26, 2016 in Cyber Insurance

2016: The year of privacy?

Cyber-attacks are designed to obtain unauthorised access to an information system, often resulting in the unauthorised release of that information.  Such action is a common example of a 'data breach'[1] by that 'victim' business. Data breaches are costly to Australian businesses, having resulted in $0.66m in losses in 2010 (measured against customer turnover, reputational losses and diminished goodwill).[2]  This figure increased to $0.89m...
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