Lack of education, emerging risks, and inconsistent policy language create confusion in the Cyber market. Do businesses know what their cyber policy actually covers? Cyber insurance is ever-evolving – and with that brings a new set of risks. With each policy, language can create confusion over what is covered and what’s not.
In an article published in Risk & Insurance, CNA’s Nick Graf, Assistant Vice President of Information Security for Risk Control; and Brian Robb, Underwriting Director and Cyber Industry Leader, discuss four leading Cyber insurance myths that could be putting your business at risk.
“There still seems to be a lot of mysteriousness around cyber insurance policies, especially from the perspective of technologists and security specialists,” says Graf. “Many of them are unsure if these policies ever pay out”. While policies will vary, underwriters are debunking myths risk managers believe about their Cyber insurance.
For more information on the 4 Cyber Myths, read the article “4 Cyber Insurance Myths That Are Putting Your Business at Risk,” published in Risk & Insurance.