Cyber Insurance Archive
Many companies purchase cyber insurance and assume the task is complete, but risk managers must continually evaluate their coverage.
To thoroughly evaluate the cyberrisk and resiliency of an organization, a thorough check up must be performed.
The new breed of cybercriminal lacks a clear profit motive, and instead is focused on causing business interruption, economic mayhem and political instability.
A recent internet outage underlines the need to reassess business interruption coverage.
As cyber extortion becomes common, companies must familiarize themselves with policy terms in order to maximize key cyber coverage.
Risk professionals must closely review their first-party coverage for business income losses.
Many companies that have purchased cyber insurance remain unsure whether the policy will payout for social engineering.
An insurance program must account for both first- and third-party cyberrisks.
Information technology assets are now often as valuable as property assets, if not more so, but insurance protection lags.