Cyber security has become a chief concern for many industries, but most businesses still aren't prepared for an attack, according to a new report released by Zurich Insurance and Advisen Ltd.
Cyber liability is, at its core, a liability policy covering third party financial damages that would arise from a network security breach or privacy event, says Catherine Mulligan, senior vice president of Zurich North America whom also specializes in security and privacy.
"Anyone who has data or anyone who has a network would benefit because exposures might be different, but the risk is still the same," Mulligan told PC360.
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