Every day we read stories about data breaches and cyberattacks on business and government websites, and the resulting the loss of personally identifiable information. Cybercrime is on the rise, and given the ever-evolving methods of attack, meaningful relief and reliable measures to fend off cybercriminals are unlikely in the foreseeable future. It would seem obvious that companies need to insure against cybertheft, but amazingly enough it appears that many businesses, likely the majority, do not have any cyber insurance.
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Isn’t It Time to Buy Cyber Insurance?
Posted by: Peter Vogel & Chelsea Hilliard July 15, 2019 10:15 AMEvery day we read stories about data breaches and cyberattacks on business and government websites, and the resulting the loss of personally identifiable information. Cybercrime is on the rise, and given the ever-evolving methods of attack, meaningful relief and reliable measures to fend off cybercriminals are unlikely in the foreseeable future. It would seem obvious that companies need to insure against cybertheft, but amazingly enough it appears that many businesses, likely the majority, do not have any cyber insurance.