We have been talking quite a lot lately about data breach insurance. Since there is more than one type of computer attack, we can also use the term cyber insurance. It’s obvious that every business needs this coverage, but like any purchase, there are questions and concerns. So, let’s look at the 10 Considerations When Buying Data Breach Insurance.
As one might expect, interest in this coverage increases with every report of a major computer breach.
Aside from the increasing number of reported breaches, regulatory pressures from the government are driving the need for coverage. In the USA, the Securities and Exchange Commission requires publicly traded companies to disclose their cyber risks. They must also provide proof of any insurance coverage they have. Read more