Protect Yourself from the Financial Consequences of Attacks with Cyber Liability Coverage
 
With the rise of organizations using, storing, sending, and receiving sensitive electronic data, cyber-crime has also surged. Organizations are turning to various forms of cyber protection, ranging from infrastructure enhancements and managed security solutions to tailored insurance options. Those concerned with financial damage caused by cyber-attacks may be considering cyber liability insurance, which can help to offset the financial damages to an organization from unwanted attacks and data breaches. However, cyber liability insurance may not be a requisite panacea for all cyber-crime, and carriers will require an organization to meet certain baseline security standards (e.g. infrastructure and processes) to qualify for coverage. Read on for more information on cyber liability and relevant issues your organization should consider in evaluating whether to obtain cyber coverage.