Trends Report

Your Guide To Cyberinsurance

Examining The Market And Your Options For Covering Cyber Risk

June 6th, 2018
Nick Hayes, null
Nick Hayes
With contributors:
Ellen Carney , Christopher McClean , 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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