Understanding cyber insurance and the IoT

Written by Asaf Ashkenazi for Rambus

by Rambus Blog, Mar. 30, 2017 – 

Denise Johnson of Claims Journal recently observed that there has been a noticeable jump in spearfishing and ransomware incidents. Concurrently, data security has weakened due to an increase in connected and mobile devices. As such, it has become critical for businesses and insurers to fully understand how to effectively protect themselves against such attacks.

"That’s according to an expert panel discussion held during the American Bar Association Torts annual insurance coverage litigation mid-year program," writes Johnson. "[For example], Lisa Phillips, a national practice advisor for the Wells Fargo Insurance Errors & Omissions Cyber Group, said the structure of cyber policies varies according to the party protected."

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