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
