Can you be the victim of a cyber attack?

After a survey of more than 160 risk managers from a variety of industries, it was found that 73% of companies have NOT purchased network-liability policies.  This in lieu of the fact that the threat of cyber attack is increasingly real.  Of the companies that have not purchased network-liability policies, 37% say their own IT department is sufficient, and 15% say that either they are not concerned about the risk, or that a risk transfer policy is too expensive.

This may be in part due to the fact that while word of security breaches has made the news, the big lawsuits following them have not.  Once those first couple of big cases have made the news, more companies will purchase network-liability policies.

For more information about network-liability, contact Shelly at Ben Goodwyn Agency. 972.618.0100.