PARIS/BOSTON: Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. 627 more words
Tags » Cyber Insurance
It’s normal to become pessimistic when you attempt to protect your company from cybercrime. After all, nearly every expert says it’s not a matter of… 800 more words
Earlier this year, New York City-based staffing agency Clarity bought cyber insurance for the first time. This spring it added more coverage.
“We were actually hearing about it from our clients,” said Elizabeth Wade, Clarity’s operations manager. 530 more words
As part of doing business, do you record and store birth dates, Social Security numbers, health information or other sensitive data for customers and/or employees? If so, you… 367 more words
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Specialized policies to protect against online attacks are offered by about 50 carriers, including big names like the American International Group, Chubb and Ace. As data breaches have become a reality of the business world, more companies are buying policies; demand increased 21 percent last year from 2012, according to Marsh, a risk management company and insurance broker.