To help comply with these regu-lations, impacted businesses indicated they were taking internal action, including: purchasing encryption programs (53 percent); hiring a data protection consultant or firm (45 percent); having a chief data protection officer in place (33 percent); and developing a reporting process to meet regulatory reporting requirements (33 percent).
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Publication Title: Small business, big risk: Lack of cyber insurance is a serious threat

Source Link:
https://www.iii.org/white-paper/small-business-big-risk-lack-of-cyber-insurance-is-a-serious-threat-101818

Publication Year: 2018