Using Cyber Insurance to Mitigate Risk: Finding an Insurer and Navigating the Application Process

While insurance does not mitigate all of an organization’s cyber risk, it is one way to manage it. With high-profile cyber attacks continuing to be reported, more companies are taking out insurance against a breach. In this three-part article series, we speak with legal and insurance industry experts about the current state of the cyber-insurance market and what companies need to know about this risk-management tool. This first part covers what is driving the trend toward increased demand and availability, how to find the right insurer and actionable advice on navigating the application process. Part two will address cost and having the right terms in place. Part three will discuss policy management and how to communicate when there has been a breach. See also “Navigating the Evolving Cyber Insurance Market” (Jun. 14, 2017).

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