Is it time for your company to have cyber liability insurance?

29480 pts.
Tags:
cybersecurity
Security
In a recent survey by the Ponemon Institute, companies now view cyber security risks as outweighing natural disasters and other major business risks. Along those lines, with data breaches becoming such a huge liability, 31% of companies have cyber liability policies in place. Is it time for your company to have cyber liability insurance?

Answer Wiki

Thanks. We'll let you know when a new response is added.

The funny thing is, insurance companies writing these policies are likely going to require that you find and fix the silly, dangerous, unexplainable low-hanging fruit you have on your network and embedded into your IT operations right now that you’re hoping to get insurance coverage against anyway.

You cannot secure nor insure what you don’t acknowledge.

Maybe cyber liability insurance is part of the risk management solution, maybe it’s not. It’s best to keep the horse before the cart. Smart business execs will fix the underlying – often glaring – issues and then consider their risks and weigh their options on this type of coverage.

Discuss This Question:  

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when members answer or reply to this question.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to:

To follow this tag...

There was an error processing your information. Please try again later.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Thanks! We'll email you when relevant content is added and updated.

Following