Security News > 2021 > February > Why cybersecurity insurance may be worth the cost
The actual items covered by cybersecurity insurance naturally depend on the policy.
Cybersecurity insurance has changed from something that was typically bundled with other commercial policies and not always well defined to more of a standalone item, according to Kudale.
You want to carefully customize and review a cybersecurity insurance policy to make sure it provides the right fit for your organization.
"Some cyber policies lock you into a vendor ecosystem for incident response, which may also not be cost effective either. These policies should really be well considered by corporate risk managers."
Finally, there's the question of whether cybersecurity insurance might encourage criminals since they know that a victim's insurance provider will ultimately cover the cost of the attack.
Even if you take out a cybersecurity insurance policy, the goal should be to never have to file a claim against it.