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The more personal information any operation uses to transact business — including details collected when accepting payment for services rendered — the more likely that business will be targeted by hackers looking to benefit from gaining access to private data.
It follows that the industries most likely to pay relatively high premiums for cyber insurance, according to a recent AdvisorSmith survey of cyber insurers and costs, are those that run on transactional information.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
