Using Cyber Insurance to Mitigate Risk: Policy Management and Breach Response

Cyber liability insurance is designed to cover many of the losses that may result from a cyber attack on a business’ assets, but companies need to understand how to properly navigate the waters pre- and post-breach to maximize the benefits cyber insurance can provide. In this final installation of our three-part series on cyber insurance as a risk-management tool, we cover how to take advantage of an insurers’ pre-incident services and steps to take to achieve the best coverage and breach response results. Part one reviewed the current insurance landscape, addressed how to find the right insurer and included actionable advice on navigating the application process. The second part examined the cost of a policy and how much coverage is necessary, and provided insight on how companies can be more savvy about having the right terms in place. See also “Lessons From the Equifax Breach on How to Bolster Incident Response Planning (Part One of Two)” (Sep. 27, 2017); Part Two (Oct. 11, 2017).

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