Security News > 2020 > December > How do I select cyber insurance for my business?

To select suitable cyber insurance for your business, you need to think about a variety of factors.

Cyber insurance has developed significantly over the past decade, driven by the increasing threat landscape and expanding legislation.

Most cyber policies cover liabilities following an incident including regulatory costs, reimbursement for business interruption, reconstitution of data and support through a ransomware incident.

When selecting affirmative cyber insurance coverage, I'd recommend that CISOs vet the insurer's cyber claims expertise before diving into policy language.

An insurer with a well-staffed, in-house cyber incident team with ample experience dealing with cyber threats is a must as these experts bring additional skills that complement what a firm's own IT department already does very well in the event of a cyber incident.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/YyBlchlMqJc/