Inside Advice on the Growing Cyber Insurance Market for the Financial Sector

In light of increasing cyber threats, regulatory focus, and the realization that complete breach prevention is impossible, interest in cybersecurity insurance has rapidly increased in the financial sector. Graig Vicidomino, associate director of Crystal & Company, spoke to the Cybersecurity Law Report about trends in the financial market for cyber insurance, particularly for fund managers, including costs, amounts of coverage, scope of coverage and policy benefits. He also provides practical post-breach advice and insights from clients seeking to cover specific types of incidents. See also “How to Make an Informed Policy Selection in the Dynamic Cyber Insurance Market” (Aug. 9, 2017); and “Navigating the Evolving Cyber Insurance Market” (Jun. 14, 2017).

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