Gunster corporate lawyer Steven J. Boyne recently wrote on the topic of cyber insurance for the Jacksonville Business Journal.
As a relatively new phenomena, cyber insurance underwriters have little historical data or models to guide them toward successful management of ever-evolving cyber risks, Boyne says in the article.
And yet cyber insurance premiums are on the rise, he says, and the costs of similar coverage can vary greatly.
Even so, Boyne identifies trends he’s noticed in the course of securing commercial cyber insurance policies. Understanding a company’s cyberattack risk profile is important, he says, as is spending the time upfront to work with underwriters to properly assess a business’s insurance needs and data breach risks.
Read the article: What insurance companies don’t know about cyber insurance (Jacksonville Business Journal, 10/18/16)
- October is National Cyber Security Awareness Month: How secure is your enterprise? (TechRepublic, 10/18/16)
- Data breaches drive CEOs to consider cyber insurance (Gunster.com alerts, 3/23/15)