Does cyber insurance truly provide the peace of mind it implies?

Cyber Insurance industry popularity

Cyber insurance can provide important coverage against liability and data loss, but it does come with a cost and the form of coverage it provides is quite complex. The Ponemon Institute has released the results of its second annual Cost of Cyber Crime study, which indicated that the average yearly cost of identifying and coping with cyber crime, per organization, is $5.9 million. When compared to the average figures from the 2010 study, this was an increase of 56 percent. Cyber crime costs now range from $1.5 million to $36.5…

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