Cyber Risk Insurance

Compliance Challenges and Unrealistic Budgets
March 10, 2020
Bounty Programs
March 10, 2020

Cyber Risk Insurance

New forms of insurance, intended to help businesses protect against hackers, will begin to enter the marketplace.

New forms of insurance, intended to help businesses protect against hackers, will begin to enter the marketplace.

Rather than simply covering the theft of basic information, insurers will also offer protection against damage to reputation, the loss of operational capacity, and the costs for system upgrades, as well as liabilities due as the result of lawsuits.

As organizations develop their FY 2020-2021 budgets, they should investigate cyber risk insurance.