Organizations that eschew cyber insurance give up not only financial protection but also advice from the insurer on improving the security of their systems.
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Womp Womp.
I have no sympathy for these companies anymore.
Every time I read about a case, invariably the company is violating some basic security principles.
It’s not like real hacking, it’s always a little social engineering combined with someone having access to something they shouldn’t, or insufficient checks on access and change management.