Organisations need to ensure they are adequately protected with business interruption cover in case they become target of a malicious attack, or risk losing millions of dollars due to the flow-on effects of a data breach, according to a recent Gallagher Market Overview Report.

Gallagher said data security is increasingly interconnected with C-suite liability, with companies not only facing up to $10 million or more in penalties for breaches and publication of the identity of the organisation involved, but also impact on the share prices in case of business interruption.