Would You Insure Your Car
Posted on 2nd August 2019 at 10:00
A very interesting question?
If it wasn’t a legal requirement would you actually buy car insurance?
Now this is very thought provoking, there would be many who would and many who wouldn’t, we would also have to consider the emotive and emotional approaches..
Why do I need it, I drive fine!
It’s other people not me!
I haven’t had an accident and if I did it wouldn’t be my fault anyway!
It’s a waste of money and too expensive!
Of course I would, it is possible to have an accident!
In the real world these arguments are taken away from us, as we all have a legal requirement to insure our cars, to protect others and ourselves to drive legally on our roads
In reality very few people will actually have an accident comparatively speaking when we consider the number of car drivers on our roads, however one thing is true for each and everyone of them...
“They are very glad they or the person they hit or hits them are insured when they do have an accident”
We now live in a very available world, where Social Media has replaced Old Media and Old Crime has been replaced by Cyber Crime and our world revolves around data...
This data can reside in many forms in many locations and we are all responsible for protecting this data from being stolen or borrowed.
Data protection should be considered as a priority and is something that must be taken seriously as the consequences of a data breach especially with the introduction of the General Data Protection Regulation (GDPR) which was implemented on the 25th of May 2018 could be severe. Safeguards are something that should be made part of each and every businesses processes for GDPR/Cyber Compliance.
So why does protection really take a back seat?
Sadly there is a really simple answer for this which is value! Why?
For many when you speak to them about Business Continutity (BC)/Disaster Recovery (DR) although they believe whilst it may be a good idea, as they cannot actually see it many don’t think it is worth the expense as they have nothing to touch/feel, also for many they don’t understand:-
Why they need it.
What it really does.
What they will actually get for the cost.
So in simple terms until a business owner has a reason to buy it, like a Data Breach happening to them or someone they know, they have no basis to change and they like saving the money.
If we were to be brutally honest BC/DR is insurance, we hope we never need it, however we are glad we have it if the worst happens, however until that time it does cost real money to do it properly.
It is clear that for many businesses the time, effort and especially money to protect themselves from Cyber Crime and ensure GDPR Compliance will cost more money than a value that they can perceive until they have experienced a disaster, which is exactly the same with car insurance no one wants to spend the money for the policy and annually we complain how expensive it is, however the consequences of not doing so will be larger and in some cases catastrophic :-
The loss of reputation.
Loss of Customers
Loss of revenue.
Loss of confidence.
All of which could cause the entity to cease trading, which is not as uncommon as you may believe.
We are sure you will agree that having a plan should the worst happen is a far better solution for your business and will in the long term be a less expensive option, which will help to ensure you are following a comprehensive GDPR/Cyber Compliance Journey.
If you would like to start to drive on the road to a safer more compliant destination, we can help and our GDPR/Cyber Compliance Training has been been designed with you and your business in mind.
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