Insurance Evolving Quickly With Cyber Risks

NU Online News Service, Nov. 12, 3:02 p.m. EST

SAN ANTONIO, Texas–Even though enterprises large and small are losing the battle against cyber attacks, specialty insurers are expanding coverages triggered by computer privacy breaches as rapidly as new enemies emerge to pursue new targets, experts said here.

Tom Srail, senior vice president for the technology practice at Willis in Cleveland, reviewing developments in network liability and privacy protection insurance products, described changes in the coverages as “fast moving.”