Category: cyberinsurance

Maddie Baker reports: “Cybersecurity insurance normally covers compensation for costs arising from data breaches such as hacking, internally caused cyber leaks and, in some cases, IT security assessments to prevent similar data compromises from happening in the future. It also covers costs for conducting digital forensic analysis to identify cyberattackers and where vulnerabilities lie in…

Roman Zaharov reports: Cyberattacks may start to be insured according to the principle already in effect for hazardous facilities. The Russian Ministry of Finance is discussing the possibility of making cyber risk insurance mandatory for businesses associated with critical infrastructure. This was stated by Deputy Finance Minister Ivan Chebeskov on the sidelines of the Moscow…