Tag: cyber attack insurance

Cyber liability insurance gains popularity outside of corporations

Julie Campbell
cyber insurance industry

Other types of organizations, including school boards, are now investing in the coverage. Following the latest tremendous data breach – the one that struck Target and that gave hackers access to the consumer debit and credit card account information from about 40 million people – a growing range of types of organizations are looking into cyber liability insurance and the type of coverage that it can provide them. Ann Arbor Public Schools is the latest to join this flood of non-retail groups that are covering themselves. While Target fights to…

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Cyber insurance sales boom in Ireland

Marc
cyber insurance

Businesses are beginning to look to insurance in order to protect themselves from digital threats Cyber insurance policies are beginning to gain more attention as hackers begin focusing more heavily on businesses with lackluster protection in place. Hackers have been taking advantage of businesses for several years and businesses have often failed to keep up with the pace at which security software as well as hacking techniques have advanced. As such, insurance protection is becoming vital to the longevity of business large and small. In Ireland, the sale of cyber…

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Cyber insurance now available from Chubb

Julie Campbell
Cyber Insurance

The company has acknowledged the growing need for coverage and is now selling to business customers. If there is anything that can be agreed upon by virtually every business that uses a computer (are there any out there that don’t have at least one?), it is that the threat of a data breach or of being hacked and having information is high, and that cyber insurance could provide some protection. With this knowledge, and the increasing popularity of the coverage, Chubb has jumped on the bandwagon and is selling. Data…

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Cyber insurance experiencing sudden boom from businesses

G. Turner
Cyber Insurance industry popularity

Hotels, banks, educational institutions, and companies are purchasing the coverage in droves. Although less than a decade ago the majority of businesses felt that the idea of cyber insurance was ridiculous, as they believed that they had strong security for their networks and expert IT professionals to keep them safe, that story has changed considerably in a short time. After a number of high profile data breaches, companies are starting to realize that they are not as safe as they once thought. In fact, cyber insurance has become particularly popular…

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Cyber insurance is Zurich’s new focus

G. Turner
cyber insurance

The massive insurer is hoping to increase the coverage it provides against data breaches and climate change. Zurich Insurance Group is now broadening its focus to be able to meet the growing corporate demand for coverage such as cyber insurance against data breaches as well as against the risks that are posed by climate change. This announcement was made by the general insurance chief at Zurich, this week. A growing number of businesses are seeking cyber insurance to cover themselves against the economic challenges – or catastrophe – that can…

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