In the world we trade in nowadays and the advancement of softwares and IT systems internal controls risk are inherrent when we do online or even turn on our computers.
Cybersecurity is rife.

At the same time at times insurers are over promoting and using scare mongering tactics to get companies to get protection.

Tim highlights that although GDPR covers the EU it is necessary for companies to consider the other legislation around the world and highlights the different rulings in the US.  

It is also necessary to keep up to speed with Biometircs and ensure multifactor authentication is used with all financial transactions.

Colaberating with other companies and the Chamber of Commerce is a good way of becoming expert in the cybersecurity field within the company budgets.

Another go point made was that this must not be a ROI decision but that of customer retention.