As Threats to Cybersecurity Grow, So Does Cyberinsurance

Increasingly pervasive threats to cybersecurity have jumpstarted the cyberinsurance business to reach beyond technology companies, its core customers. Covering financial loss, including theft of data and ransomware, cyberinsurance is reportedly the fastest-growing coverage among U.S. companies; cyberinsurance firms provide competing tools to distinguish their offerings in the marketplace. Insurance is not in lieu of good security practices, but the idea of cyberinsurance is appealing even though it is largely untested. Continue reading As Threats to Cybersecurity Grow, So Does Cyberinsurance