PRO+ Premium Content/Information Security magazine

Thank you for joining!
Access your Pro+ Content below.
July / August 2014 Vol. 16 / No. 6

Is cyberinsurance worth the risk?

As established insurance providers and startups rush to sell cyberinsurance to companies of all sizes, many enterprises still can't find insurance policies due to the lack of product standardization and complexities of establishing adequate coverage. High-profile breaches and the growing realization that potential revenue losses from cybersecurity risks areare on par with business interruptions and natural disasters may change those dynamics. Stricter data privacy notification laws, government incentives and cloud adoption have amplified interest in cyber risk insurance. "There is a lot of capacity, so there are a lot of insurance carriers chasing the same customers," said Mark Greisiger, president of Philadelphia-based NetDiligence, a firm that specializes in cyber risk assessment for major insurers, brokers and industries. "You will find underwriters willing to undercut premiums and insure customers who might not have the best controls in place, because they want to put revenue on the books this quarter." Immature products and...

Features in this issue

Columns in this issue

SearchCloudSecurity

SearchNetworking

SearchCIO

SearchEnterpriseDesktop

SearchCloudComputing

ComputerWeekly.com

  • CIO Trends #6: Nordics

    In this e-guide, read how the High North and Baltic Sea collaboration is about to undergo a serious and redefining makeover to ...

  • CIO Trends #6: Middle East

    In this e-guide we look at the role of information technology as the Arabian Gulf commits billions of dollars to building more ...

  • CIO Trends #6: Benelux

    In this e-guide, read about the Netherlands' coalition government's four year plan which includes the term 'cyber' no fewer than ...

-ADS BY GOOGLE

Close