Cyber Insurance. It Doesn’t Cover Reputation

In February 2019 a sequence of events that would see LandMark White – one of Australia’s largest property valuation companies – lose many of its major clients, its CEO, an estimated initial financial loss of $7,000,000 and more than 74% of its share value; from which it, and its successor company, Acumentis, following a re-brand and significant investment in attaining an ISO27001 certification, has still not recovered. This tragic chain of events was set in motion by two data breaches; the first in February 2019, which saw approximately 137,000 unique records being posted on the dark web, and a second ...read more