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The Future of Cybersecurity Insurance

Friday, December 6, 2019   (0 Comments)
Posted by: Louise Haas
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The Future of Cybersecurity Insurance

 

Cybersecurity insurance is a useful and common tool for risk management as it can provide businesses with financial protections in the case of a data breach or cyber incident. As cybercrime evolves and risk management changes, insurance policy protections will change as well; therefore, businesses are advised to regularly evaluate their insurance policies and coverage to determine what types of incidents are covered and which systems are protected. Insurance policies should be well-structured and meet the business needs in order to minimize financial losses incurred from a reduction in revenue, recovery operations, and regulatory fines.

 

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