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Data on cyber attacks needed to understand risks and drop premiums

Craig Kirk discusses the approach Delta Insurance takes when analysing insurance risk: “We look at a whole bunch of factors – how big the firm is, what industry they’re in, what level of risk management processes they have in place, whether they’re taking it seriously, how big their client base is, how much data they’re holding. It’s very much an art rather than a science at this point in time. Most of the cyber insurance policies Delta underwrites are capped at $1-2 million, but can reach $5 million.

 

Cyber insurers say more should be done to collect data on cyber attacks

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