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Cybersecurity Insurance Pros and Cons: Is it the Best Policy?

08
Feb
2021
Cybersecurity Insurance Pros and Cons: Is it the Best Policy?

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Cyberattacks can cause major loss of revenue for businesses and other groups of all sizes. As a result, cybersecurity insurance is being discussed more and more. The prospect of getting money back after an attack becomes increasingly appealing. But, is it right for every organization? What are the pros and cons? Who already has it? And, who needs cybersecurity insurance?

The New World

A Sophos survey found that 84% of its 5,000 respondents have a cybersecurity insurance policy. This service is sometimes also called cyber-liability insurance.

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