Cyber insurance policies usually cover losses like fines, lawsuits and breach containment, they often leave out damages for losses caused by churn, loss of intellectual property and lost productivity, leading companies to underestimate their cyber risks. Credit: the_lightwriter/Adobe Stock Cyber insurance policies usually cover losses like fines, lawsuits and breach containment, they often leave out damages for losses caused by churn, loss of intellectual property and lost productivity, leading companies to underestimate their cyber risks. Credit: the_lightwriter/Adobe Stock

Some 80% of companies that had a data breach did not have enough cyber insurance to fully cover the event, according to a study by cybersecurity platform Cyesec Ltd.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

E&S/Specialty
Cybersecurity