Cyber Insurance Isn’t Just about Having a Policy

People purchase insurance to shift liability—to literally shift the onus of financial responsibility in the wake of a devastating event. Whether by an individual or a national retail giant like The Home Depot, the decision to purchase insurance is based on many factors, including the cost of the insurance over time versus the cost of repair and potentially remuneration in the wake of a disaster. Is it cheaper to take out insurance against an event or to self-insure and absorb the cost immediately at the time the event occurs?

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A Look Back at 2014 Security Breaches

This year has been a rocky year for computer security. There have been many large personal data breaches, including those of Sony, eBay, Michaels, Spec’s, Home Depot, Staples, Kmart, Dairy Queen, MBIA Inc., Jimmy John’s, Goodwill, P.F. Chang’s, California Department of Motor Vehicles, Sally Beauty Supply, and others. Many of these breaches took place over […]

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