Filed Under:Risk Management, Loss Control

Into the Breach

New risks and high-profile data breaches have more companies looking to buy cyber liability coverage in a market that's giving them more bang for their cyber buck.

On Dec. 23, the last thing holiday shoppers at Target wanted to be thinking about was having their credit-card information compromised. But that was one luxury no one on hand could afford.

“We don't know yet,” one harried store manager in Staten Island painfully admitted to one especially persistent elderly woman demanding answers about what data thieves now knew. Was she safe? Could she continue to shop? Should she? How badly had the retail giant's consumer database been compromised? No one could say for certain.

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