Why doesn’t my cybersecurity insurance cover that?
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Cybersecurity insurance is designed to alleviate losses from various cyber incidents, including data breaches, damage to networks, and any interruptions to business operations. But while billion-dollar companies are all in desperate need of cybersecurity insurance and can afford to spend millions without thinking twice, cybersecurity insurance only transfers some of the risk of a breach to the insurer. It does not cover lost data, reputation damage or lost business.
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Story added 16. August 2016, content source with full text you can find at link above.
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