Understanding Small-Business Cyber-Insurance Marketplace

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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