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Browse: Home / 2016 / March / 15 / A Big Driver For Cybersecurity Spending? Wary Cyber Insurance Vendors | Xconomy

A Big Driver For Cybersecurity Spending? Wary Cyber Insurance Vendors | Xconomy

By Securities Docket on March 15, 2016, 9:34 am

Insurance firms themselves are putting some brakes on the cyber insurance business at this point, because they’re as scared of mega-losses as their potential clients are, says Mark Weatherford, chief cybersecurity strategist at Mountain View, CA-based security tech firm vArmour. Insurers are granting cyber insurance policies selectively, and limiting the amounts that policyholders can recover if they make claims after being hacked.

via A Big Driver For Cybersecurity Spending? Wary Cyber Insurance Vendors | Xconomy

Posted in Risk Mgmt, Top | Tagged Cyberinsurance

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