Do Cyber Insurers Care About Information Governance?

As we welcome in 2016, awareness of the variety of information-related risks confronting today's enterprises, and the availability of insurance covering those risks, is at an all-time high.  High-profile data breaches caused by hackers and negligent or non-compliant employees, ransomware attacks, and social engineering scams have motivated many companies to transfer some of their cyber risks with cyber insurance.  But companies that also take steps to better manage their information assets not only improve their cyber risk profile; they also put themselves in a better position to secure more favorable cyber insurance coverage terms and rates. 

What Is Cyber Insurance?

Cyber insurance is a relatively new and still evolving form of coverage designed to address the emerging information-related risks facing today's companies. These risks include breach of privacy, failed network security, and media liability.  Unlike more traditional forms of coverage, there are no