Hacker Insurance Provides Security, Peace of Mind
The insurance policy will provide coverage to companies for losses up to $100 million based on security breaches in network security and e-commerce.
The insurance coverage includes Internet asset and income protection coverage, which provides insurance for loss of, or damage to, information assets (e.g., data, customer lists, credit card numbers, budgets, proposals, work papers, or any other digital information) resulting from a breach of security or technology failure. The insurance
also covers business interruption due to loss of use resulting from a breach of security.
Companies must pass a strict audit in order to attain the hacker insurance coverage.