Privacy Versus Cyber – What Is The Bigger Risk?

"Cybersecurity" has emerged as one of top risks facing organizations. Considering the steady stream of massive data breaches affecting millions (sometimes billions), the debilitating effects of ransomware on an organization's information systems, the intrigue of international threat actors, and the mobilization and collaboration of national law enforcement to thwart these attacks, it's no wonder. Notions of privacy have long underpinned critical principles and rights in our legal system, yet actors in the space typically do not have names like LockBit or Black Basta using applications called Colbalt Strike, and [yawn] may not trigger concerns as seemingly compelling as cybersecurity. But that may be changing, at least in the minds of insurance underwriters and persons focused on compliance.