Cyber Risk Insurance

The discussion presented offers insight to the implications of insurance and cyber crime coverage and to raise the awareness of the uncertain ties within cyber insurance. The insurance industry is attempting to understand the nature of cyber crime issues and how to more accurately design insurance policies for the future. In an effort to protect against unlawful electronic or physical activity, organizations are now taking a closer look at how their implementations are performing and what is needed to protect confidential assets. The ill effects or inabilities have proven costly to the insurance industry and has triggered a sense of desire to define more efficient controls to mitigate the burden of settlement. With recent national and international regulations, organizations face even greater challenges to ensure that information assets and those environments that house critical information are proactively protected against unauthorized breaches. Insurance companies are realizing the need to implement greater assessment capabilities to determine the state of an organizations security infrastructure when examining an organizations request for coverage.