Trends Report

Your Guide To Cyberinsurance

Examining The Market And Your Options For Covering Cyber Risk

June 6th, 2018
Heidi Shey, Principal Analyst
Heidi Shey Principal Analyst
Nick Hayes, null
Nick Hayes
With contributors:
Christopher McClean , Ellen Carney , Trevor Lyness , Peggy Dostie

Summary

Security pros now have access to a robust and necessary, but still nebulous, cyberinsurance market. Cyberinsurance reduces the financial burden of a cyberattack, offsetting some operational and compliance costs. The difficult part is determining what the policy specifically covers and how much coverage you need. Before you select a policy, you’ll have to determine your company’s cybervalue at risk and what kind of coverage you’ll need. At that point, you may choose from a variety of brokers, captives, carriers, and reinsurers. This report helps you sift through the noise to obtain the right cyberinsurance for your needs.

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