Cybersecurity insurance

- [Narrator] You're business most likely…already has multiple insurance policies.…With the new threat of cyber incidents…impacting business continuity and liability,…a new, or add-on, insurance plan is necessary…for any size business.…The Risk Cooperative lays out the need…for cybersecurity insurance in this two-pager.…The AT&T 2017 Global State of Security survey results…confirm the growth of cybersecurity insurance purchases.…A majority of organizations in the survey…have already purchased cyber insurance,…or they plan to do so.…

The report goes on to underscore the point…that insurance does not take the place…of good cybersecurity practices.…Hopefully, the three in ten survey respondents…who wrongly planned to allocate…all or most of their cybersecurity budget…to insurance are paying attention to this report,…and will act to implement security, technology,…and education in addition to having insurance.…To help the public sort through this new territory,…the US Department of Homeland Security…has brought together public and private sector experts…