Cyber Insurance: Separating Fact From Fiction

Many myths about cyber insurance persist. Attorney Richard Bortnick, in a video interview at Information Security Media Group’s recent ISMG Fraud and Breach Prevention Summit in New York offers his perspective on what is fact and what is fiction.

See Also: How to Scale Your Vendor Risk Management Program

Among the “myths” Bortnick addresses:

• Cyber insurers fail to pay claims;
• Money spent on cyber insurance would be better spent on security measures to prevent breaches; and
• Small businesses don’t get hacked so they don’t need cyber insurance.

Go to Source