Double Trouble for Cyberinsurers
Insurance companies are grappling with cybersecurity challenges both as potential targets, due to the attractive data they hold, and as providers of cyberinsurance, which scant actuarial data makes risky.
How Well Will Cyberinsurance Protect You When You Really Need It?
Faced with increasing numbers of attacks and cripplingly high payout demands, insurers are writing more exclusions into cyber insurance policies and requiring more effective cyber defenses.
Cyber insurance – Spreading the risk and driving it down
Cyber insurance sounds like a smart idea for both insurers and purchasers. But for cyber insurance to be viable, insurers must improve their understanding of the risks involved, and require the companies they insure to implement effective cyber controls.
It’s Time for Insurers to Reward Prevention, Not Cybercrime
Many insurance companies recommend cybersecurity measures to their policyholders. But there may be more they can do to keep attacks from succeeding.