Avoiding catastrophic business loss through cyber liability insurance

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Hardly a week goes by that the national media does not report on another Internet data security breach, denial-of-service attack or other cyber loss affecting Fortune 500 clients and their thousands (or hundreds of thousands) of customers. The costs of simply investigating and responding to these losses — not to mention the resulting lawsuits and regulatory fines — can be staggering. For instance, the Ponemon Institute estimates that response costs can be as high as $200 per compromised record.

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Story added 6. February 2013, content source with full text you can find at link above.