Cyber insurance: 6 questions every CEO, CFO and board will inevitably ask — soon

Knowing which questions to ask about cyber insurance can be its own kind of insurance - one that helps prevent you from making the wrong choices. In this article from PwC learn how:

  • Cybersecurity insurance is a must for every business, but merely purchasing a policy is not enough — not when system attacks are ramping up and potentially causing unprecedented damage.
  • It’s urgent to check on your cybersecurity insurance coverage now. The COVID-19 crisis, the worst recession in a century and social upheavals create fertile ground for more cyber attacks.
  • The cyber insurance market is young, but developing quickly. Two helpful developments: increased data sharing on incidents and costs within industries and the growing practice of risk quantification.