Cyber Insurance: You Get What You Pay For
Source: CPO Magazine
By: Scott Ikeda
Published: September 3, 2019
* The cyber insurance market has experienced an unsurprising boom in recent years, as there seems to be a weekly story about some high-profile breach or another.
* Some insurers are offering these incredibly low prices by cutting vital coverage, and a number of players in the market are money-chasing opportunists that don’t really understand cybersecurity.
* These risks were highlighted recently by a study from mutual insurance giant FM Global, and summit helmed by cyber insurance experts at the annual Black Hat USA security conference in Las Vegas.