With the NAIC releasing their draft of the Insurance Data Security Model Law there are a number of considerations that insurance company owners need to make.
Cyber is a serious hazard and most businesses should insure the exposure. However, the Ponemon studies include many exposures that most cyber policies don’t cover and some that are not even insurable. Take care when using Ponemon studies to evaluate cyber exposures.
With the NAIC releasing their draft of the Insurance Data Security Model Law there are a number of considerations that insurance company owners need to make.
Cyber is a serious hazard and most businesses should insure the exposure. However, the Ponemon studies include many exposures that most cyber policies don’t cover and some that are not even insurable. Take care when using Ponemon studies to evaluate cyber exposures.