Cyber security has become a chief concern for many industries, but most businesses still aren't prepared for an attack, according to a new report released by Zurich Insurance and Advisen Ltd.
Cyber liability is, at its core, a liability policy covering third party financial damages that would arise from a network security breach or privacy event, says Catherine Mulligan, senior vice president of Zurich North America whom also specializes in security and privacy.
"Anyone who has data or anyone who has a network would benefit because exposures might be different, but the risk is still the same," Mulligan told PC360.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
