Corporate culture hinders cyber insurance buy-in

WASHINGTON — The relatively new field of cyber insurance offers a potentially valuable shield from the financial toll that a data breach can visit on a company, but that market is held back by a lack of information about the threat landscape and a culture in many firms that too often marginalizes cyber issues, a senior government official warns.

Tom Finan, senior cybersecurity strategist and counsel at the Department of Homeland Security, has been heading up a review of the cybersecurity insurance industry, looking at ways that the government could help advance the market. In remarks at a recent government IT conference, he suggested that insurance carriers would be more generous in their coverage options with more concrete data about the risks that applicants face.

To read this article in full or to leave a comment, please click here

Read more: Corporate culture hinders cyber insurance buy-in

Story added 18. March 2015, content source with full text you can find at link above.