Cyber insurance policies usually cover losses like fines, lawsuits and breach containment, they often leave out damages for losses caused by churn, loss of intellectual property and lost productivity, leading companies to underestimate their cyber risks. Credit: the_lightwriter/Adobe Stock Cyber insurance policies usually cover losses like fines, lawsuits and breach containment, they often leave out damages for losses caused by churn, loss of intellectual property and lost productivity, leading companies to underestimate their cyber risks. Credit: the_lightwriter/Adobe Stock

Some 80% of companies that had a data breach did not have enough cyber insurance to fully cover the event, according to a study by cybersecurity platform Cyesec Ltd.

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
NOT FOR REPRINT

© 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.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

E&S/Specialty
Cybersecurity