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SEC rule driving purchase of cyber liability coverage

SEC rule driving purchase of cyber liability coverage
June 11, 2012 tfirestine

The very public loss of 6.5M passwords by LinkedIn has firms of all sizes worried for their own data. Reports from the NetDiligence Cyber Risk and Privacy Liability Forum say that much larger firms, before content to self insure, are now buying commercial cyber liability insurance.

The SEC document from 10/13/2011 is available here.

Calculated Risk Advisors is working with clients to ensure any potential loss of data is properly insured. They have experts in the field and understand the nuances of covering extra expenses like notification costs, forensic accounting and public relations expenses.