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Reducing cyber risk exposures: 8 category coverages to consider

Cyber insurance is a critical risk management technique for todays businesses.

By David Thamann | Updated on February 19, 2015

The everyday use and reliance on the computer for today’s businesses is a generally accepted way of life. Computers handle business transactions ranging from the purchase of $10 in gasoline at the local station to the purchase of a $10 billion manufacturing company. The use of computers helps to smooth the flow of business. However, this dependability on computers can also lead to huge problems for entities not prepared to handle the problems that accompany such reliance.

Cybercrime, cyberterrorism and cyberdisruptions are problems that exist for businesses and must be addressed. There are various risk management techniques to help a business manage them and one of these options is to purchase insurance.

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