I recently was reading an article about Cyber Insurance and got intrigue on the type of coverage offered. Recovering from a Cyber attack can be very expensive and cyber security insurance offers the ability to transfer some of the risks to an insurance company. Some estimates that 1 in 3 company currently have cyber insurance. Then I found this presentation [2] that identified 10 misconceptions about Cyber insurance and provided an answer about each of them. I found very interesting the #1 Objection “We outsource our IT Services” and one of the 3 answers is even if the data is outsourced, “Legal responsibility CANNOT be transferred by contract”, it is the data the company has been entrusted to protect.
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