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Cyber Insurance To Disrupt Business

Cyber insurance is intended to protect individuals or companies from online risks relating to their technology infrastructures; however, is not typically included in commercial general liability policies or traditional policies. The challenge is that some insurance companies are refusing to pay out for breaches caused by ineffective security practices.

With online technology taking a larger role in personal and business’ everyday lives, Cyber insurance is becoming more of a critical requirement for safety of your online presence and technology. The premiums and payouts will be increasing with the higher need and cost for breaches which are becoming more prevalent and frequent.

Yahoo’s last hack was a prime example that cyber insurance should be at the top of all business’ minds and fit into all 2017 budgets!

Source: http://www.insurancebusiness.ca/ca/news/breaking-news/cyber-insurance-to-disrupt-businesses-218889.aspx