A report has found that more than one in four respondents attribute attacks against their organization to cyberwarfare or nation-state activity. In 2018, 19% of organizations believed they were attacked by a nation-state.
For the first time ever, Cyber incidents ranks as the most important business risk globally in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) to second place.
While organizations of all sizes have benefited from the efficiencies and conveniences of taking their business digital, it’s not without risks. Cybersecurity in today’s hyperconnected world is a necessity for large, medium and small businesses alike. Smaller businesses may be more prone to cyberattacks as they typically have fewer resources dedicated to cybersecurity.
In a prior article, we analyzed Articles 1 through 4 of the California Attorney General’s proposed California Consumer Privacy Act (“CCPA”) regulations. This article discusses Article 5 (Special Rules Regarding Minors) and Article 6 (Non-Discrimination). The CCPA went into effect on January 1, 2020, which means that businesses should, at a minimum, be updating their online privacy policies and accepting and responding to consumer requests.