Cyber insurance

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December 13, 2023

by a searcher from Harvard University - Harvard Business School in Alexandria, VA, USA

Do you recommend cyber insurance and has anyone used it to recover from a breach? It seems expensive for a non-mandatory insurance.

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Reply by a professional
from University of Southern California in North Palm Beach, FL, USA
You better hope you don't need to activate insurance, if you could get insurance.
Cyber risk has been dominating the news lately, hasn't it? Excellent tips in this webinar for due diligence, dealmaking, and transition of ownership. https://www.youtube.com/watch?v=oMcz-SgRsIQ M&A Attorney Justin Daniels on Cybersecurity Risks for Business
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Reply by a searcher
from Boston College in Newport, RI, USA
I've experienced some insurance carriers mandating cybersecurity coverage, and have personally seen it come into effect for a $60K loss. Good reminder for me to go make sure I have it in-place...
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