McGuire said on average, more than 12,000 mobile devices are left behind at airports across the U.S. each day, so the increasingly mobile workforce makes organizations even more susceptible to a data breach. Companies, especially in the midmarket, can no longer risk the reputational damage of a public, large scale data breach.
He pointed to wardriving, the act of locating open Wi-Fi hotspots like those often available at coffee shops, as a common practice among cyber criminals easily carried out with software available for purchase on the dark web.
Swisher International CIO Eric Tewey called the cyber insurance enrollment process daunting, noting that if assessments and declarations are not 100 percent accurate, providers may opt to deny a claim.
But Harrison Lewis, CIO at Northgate Markets based in Anaheim, California, said, “We have leveraged many of the services provided in the cyber insurance policy, including data breach incident response planning and tabletops."
He believes his experience with the cyber insurance over the past four years still justifies the investment — despite never having had to file a claim.
