Understanding Small-Business Cyber-Insurance Marketplace

contributor : Jul 31, 2017

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The cyber insurance universe is still in its infancy.  There will be many changes over the next couple years on the coverage, reaction procedures, premium pricing, and claim stipulations.  I also would love to see a standard structure and terminology of what risks are covered under what policies.

ISMG recently did a podcast to look at why the market for cyber insurance among small business is struggling and it's an interesting listen.

One of the quotes I love from it is "there is a permanent residual risk of just being on the internet".

Click below to listen to the podcast (it's like the first 7 or 8 minutes) on the ISMG website:
http://www.bankinfosecurity.com/interviews/understanding-small-business-cyber-insurance-marketplace-i-3655
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