Assessing the value of cyber-insurance

I’ve ventured into new territory lately: cyber-insurance. Here’s why.

Hotel chains. Zoo gift shops. Amusement parks. Our own U.S. government’s Office of Personnel Management. Security breaches continue to abound, apparently undiminished. And they are all over the news, which is causing me no end of headaches at work (especially with the overly dramatic coverage the network news provides). Just today, Trump Properties announced a security breach that compromised credit card numbers, with a particularly telling statement: “Like virtually every other company these days, we have been alerted to potential suspicious credit card activity and are in the midst of a thorough investigation.” “Like virtually every other company” — except mine, as long as I can prevent us from being a victim like all the others.

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