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Encryption: What’s The Big Secret?
So your organization sells a data breach or cyber liability insurance product that covers notification costs and ancillary services in the event your insured has a data breach and their customer’s personal data is compromised.
Executive Summary
OneBeacon's Technology Risk Control Officer Tushar Nandwana provides the basics of encryption—defining the term, reviewing the types of encryption systems used in day-to-day processes, and explaining potential pitfalls with such systems. Executive Summary OneBeacon’s Technology Risk Control Officer Tushar Nandwana provides the basics of encryption—defining the term, reviewing the types of encryption systems used in day-to-day processes, and explaining potential pitfalls with such systems.
Let’s consider a few facts (from Ponemon Institute’s “2011 Cost of Data Breach Study: United States,” March 2012):
