The Case for Cybersecurity Insurance, Part I
In very few of the many stories I’ve written about online banking fraud against businesses has insurance paid for much — if any — of the losses victim companies suffered. However, several victims I’ve interviewed from recent incidents did have cybersecurity insurance coverage bundled as part of a larger business risk insurance policies; in each case, the businesses suffered fairly substantial thefts, and appear likely to recoup all of their direct financial losses.
