How Can Firms Avoid A Claims Showdown With Their Cyber Insurer?

Finance Derivative | May 8, 2019

By RedSeal CTO Dr. Mike Lloyd

How can you tell that cyber insurance is a hot topic today? When lawyers find the amounts of money involved worth fighting over. Major cases are emerging of serious disputes between multi-nationals and the companies they’ve taken out policies with to help mitigate their risk exposure. On the one hand, this is partly to be expected of such a nascent sector. Yet it may also be a sign of a deeper problem: a lack of visibility into which security controls and policies actually reduce risk and therefore need to be mandated as part of a policy.