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."
Speaking at a session of the Professional Liability Underwriting Society International Conference yesterday, he said, "I wish I could put up a standard slide about what the privacy/cyber insurance market is doing. But as soon as I put it up, it would be out of date."
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