Data breach vs cyber liability. What does each of these terms mean? How do they compare with each other? Are they the same or not? To find out, keep on reading this article.
What Is Data Breach?
First, let us define data breach. it is the release of confidential data that should not be accessible by unauthorized people.
A data breach is a type of cyber attack. It is one of the most common cybercrimes found online. This type of cybercrime has been around since the internet was created. It has become easier and easier for hackers to commit this crime.
An example of a data breach: Hackers accessing and stealing personal and confidential information from your computer and then distributing it to the public. Hackers can also access your email account and steal all your accounts’ log-in details and then use those log-in details to hack into your other accounts such as social media accounts, bank accounts, credit card accounts, etc.
What is Cyber Liability?
Cyber liability, on the other hand, is a term that refers to business owners’ legal responsibility for information security breaches that occur on their systems. It is similar but not necessarily the same as a data breach.
Further, cyber liability is more encompassing than data breach because it encompasses more than just the release of confidential information. It also covers any online activities that are related to security breaches. It also covers losses due to hacking attacks, viruses, worms, trojan horses, spyware, etc.
Data Breach vs Cyber Liability
The main difference between cyber liability and data breach is that cyber liability covers more than just the release of confidential information while data breach only covers the release of confidential information online.
Cyber liability includes any losses due to hacking attacks etc., while data breach only includes losses due to unauthorized access or release of sensitive or confidential data online.
True, they are very similar terms but they are not the same thing because they cover different things in different ways. Data breach refers to unauthorized access or release of sensitive or confidential data online. On the other hand, cyber liability refers to business owners’ legal responsibility for information security breaches that occur on their systems as well as losses due to hacking attacks and more. These are covered by cyber liability insurance policies if you have them with you at all times.
Also, both are different in ways. Cyber liability is more encompassing than data breach because it encompasses more than just the release of confidential information. It also covers any online activities that are related to security breaches. It also covers losses due to hacking attacks, viruses, worms, trojan horses, spyware, etc.
Cyber liability insurance policies are much more expensive to obtain than data breach policies.
The Bottom Line
The bottom line is that both data breach and cyber liability are terms that refer to the release of sensitive or confidential information online. So, you need to have good security measures to protect you against both.
