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The Real Cost of Cyber Incidents, According To Insurers
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Marilyn Cohodas
Marilyn Cohodas,
User Rank: Strategist
12/4/2014 | 7:49:19 AM
Drawing conclusions
These numbers are fascinating, but it's hard to draw firm conclusions about the value of cyber insurance or the areas of greatest potential risk. It would be interesting to know more about the submitted claims that the insurers didn't cover -- and why. 

 

 
Sara Peters
Sara Peters,
User Rank: Author
12/4/2014 | 10:08:01 AM
Re: Drawing conclusions
@Marilyn  Yes, there's still a lot we don't know. The report was really aimed at an audience of insurers, to give them info that would help them develop cyber-insurance policies going forward. My takeaway was that cyber insurance can be a big help, but might not cover as much as you'd like it to, and you should negotiate and plan accordingly. I think these numbers are something a CISO and a CRO should look at together.
Marilyn Cohodas
Marilyn Cohodas,
User Rank: Strategist
12/4/2014 | 10:13:20 AM
Re: Drawing conclusions
Totally agree @Sara. It's a good baseline for a conversation with potential insurers. Really does  shine a spotlight on the fact that the cyber insurance industry is in its infancy.


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