Buying insurance is not the solution for all of a company's information technology security risks, an insurance brokerage executive advised.

“Every company has an information security exposure that needs to be addressed,” said Patrick Donnelly, co-managing director of professional risk solutions, Aon Financial Services Corp., “but not everyone needs insurance.”

His comments came Thursday during a Web seminar on the subject, “Network Security and Privacy Risk,” sponsored by Chicago-based insurance broker Aon.

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