Cyber security insurance is designed to mitigate losses from a variety of cyber incidents, including data breaches, business interruption, and network damage.
Read MoreCyber liability
Business cyber insurance on the rise, but 60% still lack it
A survey of North American companies reveals companies they’re showing an increased interest in cyber liability insurance, yet many of them believe their own methods offer enough protection. Risk managers are reacting to the increasing threat of security and privacy breaches by considering how they secure their data, according to global professional services company Towers Watson. The survey examined how North American companies use outside resources, tools and frameworks to address their risk exposure across a…
Read MoreSmall business owners are targeted by hackers but think data breach unlikely
Although the number of data breaches continues to rise among small businesses, 85 percent of small business owners were convinced they’re unlikely to take a cyber hit, according to a survey by The Hartford. Many of those surveyed indicted they weren’t taking security measures to protect their customer or employee data. “Most of the business owners surveyed believe they are not at risk, when in fact smaller businesses are increasingly being targeted,” Lynn LaGram, assistant vice…
Read More