Breach notification laws are now commonplace across many territories, and among other things, generally require businesses that lose sensitive personal data to provide written notification to those individuals that were potentially affected or risk hefty fines and penalties. Australia’s Notifiable Data Breaches Act, Canada’s Digital Privacy Act, Europe’s General Data Protection Regulation, and several US state laws make it a legal obligation to notify, and there is also a growing trend towards voluntary notification in order to protect your brand and reputation. Cyber policies can provide cover for the costs associated with providing a breach notice even if it’s not legally required, and can also cover the associated regulatory fines and penalties.