U.S. companies are turning to cybersecurity insurance to protect themselves from lawsuits and fines with enforcement of California’s landmark privacy law set to begin July 1, attorneys say.
San Francisco-based Coalition, which calls itself the fastest-growing cyber insurance provider, got more than 2,000 requests for policies in December and January to protect against California law violations, said Joshua Motta, Coalition’s CEO. A “surge” in buying will follow the first lawsuits and enforcement actions, he said.
via Cyber Insurance Purchases Will Surge With California Privacy Law.
