Top 3 Reasons Companies Are Buying Cyber Insurance

The top three first party cyber exposures these risk managers cited are:

  • Reputational harm (79 percent)
  • Business interruption (78 percent)
  • Data breach response and notification (73 percent)

“It seems like every day risk professionals are confronted by new cyber attacks and forced to take immediate action to protect their organizations before it is too late,” said RIMS President Rick Roberts.  “The key to successfully mitigating the impact of a cyber breach – or even preventing one in the first place – is knowledge.”

(source: Insurance Journal)

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