Is Cybersecurity Insurance A Fad? Or, What Do I Need To Know?

Let's get to the bottom line. Cybersecurity insurance is neither a fad, nor an issue for e-commerce platforms only. Instead, for most retail organizations, cybersecurity insurance will be an important part of the retail organization's risk management program designed to protect the privacy of personal information and the confidentiality of the retail organization's information. But that doesn't mean that there is one size that fits all. This article provides those involved in the retail industry with a primer on cybersecurity insurance, where cybersecurity insurance fits within a risk management program and what organizations can realistically expect from coverage.

Why do retail organizations need cybersecurity insurance?