Earlier quoted context omitted.
Buying insurance might be the most cost effective strategy. If insurance of $2MM would cover your liability, why incur 3MM expenditures and still only be reasonably secure?
Cyber security insurance has liability caps, relatively low for the premiums. Standard boilerplate demands to hold such insurance in the US is around $1M liability coverage for small shops, usually gets quoted around $50K annual premiums. If you can even get underwritten at all. I have been able to negotiate those clauses away so far. Everyone is already trying to pass the buck (quite literally) on information securi…
That would be good, the cloud is a lot more secure than everything self hosted or self developed.