In: Computer Science
Decided to direct your resources more towards hardening the security of our environment versus buying a complex new type of insurance policy, with lots of exclusions and exceptions. Which one is best for Company risk management.
Answer)
In this world of digitalization where security is important.
Having hardware security is important to prevent the data issues and breaches and help one to have the systems smooth and free from vulnerabilities whereas for any fluctuations in the business be with respect to the hardware or software and to handle these fluctuation effect business insurance policy is much needed to settle the claims and expenses after an event which is not in favor of the organization.
Hence the best one is the prevention first but insurance is certainly important.