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If the company is in healthcare or finance, yes. Otherwise the typical answer is no. Most companies just load up on cyber insurance and call it a day. That said
by twunde 5y ago
If the company is in healthcare or finance, yes. Otherwise the typical answer is no. Most companies just load up on cyber insurance and call it a day. That said, reputational concern, is a big thing for companies. Take Dropbox for example. Early on they suffered several security breaches, and had a bad reputation around security. They've since built out a fairly large security program, in part because bad security can block deals, especially in the enterprise space.
I'll note that there's been more investment in security the last 4-5 years. Most B2B companies do a SOC2, and early on, so there tends to be a baseline of competence.