Enterprise Cybersecurity in Digital Business

32Calculating Limits Adequacy

DOI: 10.4324/9781003052616-41

For organizations downplaying ransomware defenses today, every day is a gamble that they can’t afford later.

Andy Lin, CISO at Brighton Health Plan Solutions

Cyber insurance versus property and casualty insurance

Property and casualty insurance have been in existence for over 100 years, contrasted with cyber insurance that is in its infancy. Initially, carriers were baking cyber insurance coverage into property and casualty policies. Most recently, this has been shown not to be very effective and we are seeing brokers offering stand-alone cyber insurance policies. It is important to know the differences and the gaps between these two policy types.

Cyber insurance may pay for both ...