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Insurance Business | 29 Jun 2015, 08:26 AM Agree 0
A leading web security expert has warned that over-reliance on cyber insurance could be leaving businesses at risk.
  • Robert Cooper | 29 Jun 2015, 12:46 PM Agree 0
    I have heard this kind of argument before on other classes of insurance. "People do not care about security because they have Burglary cover" or "people do not care about making mistakes if they have Professional Indemnity cover". Most people know that making a claim takes up a number of hours that are not claimable, and excess to pay that is their portion and brand reputation that can affect future sales.
    Most people treat Insurance as a back up for when managing the risk prudently ends up failing. Cyber Risk cover we expect will be treated the same.
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