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The CFO's Role in Managing Cyber Security Risk

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It's a "who's who" list: Yahoo, Equifax, Target Stores, JP Morgan Chase, Home Depot and their customers have suffered some of the largest breaches ever, and even the National Security Agency and the Central Intelligence Agency have been successfully targeted by hackers.

As cyber security failures become larger, more frequent and more damaging, CFOs at small and medium-sized businesses are taking a more active role in managing cyber risk to mitigate the effect on companies’ performance and to protect the value of enterprises. Part of that risk-mitigation role is examining how to best apply insurance protections against cyber threats and, when necessary, to seek the counsel of a qualified broker with cyber risk expertise.

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