@mmicha said in Cyber Liability Insurance:
Just curious what others thoughts and take it on this new form of insurance. Are most starting to carry?
No, several reasons...
Insurance for something like this means that smart, secure, backed up companies pay for companies that don't protect themselves. So if you are competent, you get screwed.
On average, the insurer makes money. That means that on average you don't just pay for the damages that happen, but for their profits on top of them.
Those that carry insurance are much higher profile targets than those that do not as there is so much more to potentially gain.
The likelihood of getting paid even when something happens is insanely low.
For the average company, cyber insurance does more harm than good.