Cyber insurance can be your worst nightmare, best friend

This new type of coverage has insurers, infosec pros scratching their heads

Become An Insider

Sign up now and get FREE access to hundreds of Insider articles, guides, reviews, interviews, blogs, and other premium content. Learn more.

LAS VEGAS -- Cyber insurance can pay out millions of dollars to cover the cost of data breach liability, but buying the policies can be a nightmare for info security pros, and premiums for similar coverage can vary wildly, an Interop audience was told.

On the flip side, the insurance companies lack underwriters with IT knowledge, a good model for assessing risk, a common vocabulary to discuss policies clearly, and face a looming threat that a single successful attack of just the wrong kind could mean a major financial hit, says Dave Bradford, co-founder and chief strategy officer at Advisens.

To continue reading this article register now

Notice to our Readers
We're now using social media to take your comments and feedback. Learn more about this here.