Cyber insurance can be a lifeline for companies of all sizes, but particularly for SMEs. In my new ebook, I break down the coverages and provide a 5 step process to get the right coverage. It’s available now on Amazon.
Several years ago, a series of massive and highly publicized retail data breaches took the issue of cyber security out of IT circles and inserted it into the mainstream news, cocktail party banter, and corporate board agendas. Those breaches also served to introduce the concept of cyber insurance to a much wider audience. Interest in and uptake of cyber insurance began to grow, largely driven by the breach response services (including incident response, forensic investigation, notification and credit monitoring costs) and class action lawsuit defense coverage available under those policies.
In their 2018 Cybersecurity Predictions report, Aon expects to see a surge in uptake of standalone cyber insurance policies.
In this must-read article, Hunton & Williams attorneys provide an overview of some of the most important insurance coverage cases from 2017.