Cyber Insurance

Awareness

Below is an example of how Cyber Risk Matrix may look connecting Threat and Impact with Insurance Exposure (Click on Graphic to download)

Cyber Security Insurance Workshop Report - NPPD/DHS

In November 2012 the National Protection and Programs Directorate of the US Department of Homeland Security released the findings from its Cybersecurity Insurance workshop.

The workshop was delivered in November and engaged with a diverse group of stakeholders to discuss how organisations may better develop an effective connection between the cyber security activities they undertake and the broader topic of insurance.  Over 60 participants attended to discuss the issues and opportunities.

Survey shows fewer than 1 in 5 have Cyber Insurance

Only 19% of organizations have purchased insurance specifically designed to cover cyber risk, according to a survey released Monday by Zurich Insurance Co. Ltd.
 
Conducted by the Harvard Business Review Analytic Services, the survey of 152 private sector and public sector organizations found that while 76% of respondents expressed concerned about information security and privacy over the past three years, relatively few are taking concrete actions. 

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