There can’t be reliable cybersecurity insurance until companies can identify who is responsible for the continuous exploitation of stolen data, long-lasting attacks, and hardly-detectable APTs.
According to PwCs Global State of Information Security Survey 2016 of more than 10,000 CEOs, CFOs, CIOs, CISOs, CSOs, VPs and directors of IT and security practices from 127 countries, six out of 10 respondents report that they purchased cybersecurity insurance in 2015, up from a little more than half one year earlier. Thats on the heels of Security Exchange Commission guidance from the Office of Compliance Inspections and Examinations that financial organizations consider cyber insurance as a part of their cyber-risk management strategy.
Cybersecurity insurance is also portrayed by the media as an important element of corporate cybersecurity defense in order to minimize the losses caused by growing cybercrime that organizations cannot entirely prevent in advance.
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