WannaCry Attack Prompts Focus on Cyber Insurance
Driven by headlines, cyber insurance discussions often focus on data breaches and coverage for notification, public relations and breach coach expenses, investigation costs, and defense and indemnification against third-party claims for damages. As WannaCry illustrates, however, cybersecurity risks reach well beyond data breaches – extending to information system failures, the loss or destruction of data, cyber ransom demands and even cyber theft.