“IN THE AFTERMATH of the Equifax data breach last year that exposed personal information of more than 145 million people, analysis firm Property Claim Services estimated that cyberinsurance would cover roughly $125 million of Equifax’s losses from the incident. It’s uncertain whether Equifax will actually receive that much money; insurance claims can take a long time to investigate, process, and pay out. But it was a reminder of the increasingly important role insurance plays in cybersecurity—and the challenges of getting it right.”
Source: Cyberinsurance Tries to Tackle the Unpredictable World of Hacks | WIRED