Cyber Security Insurance Coverage

Companies operating in the U.S. may soon find it difficult to operate without cyber security insurance. Recently, White House officials, in closed-door meetings with insurance industry leaders, laid the groundwork for a joint public-private sector working group to identify barriers that may be preventing insurers from writing more cyber security policies. Currently, only a small number of insurers offer cyber security policies which can include theft of data, denial-of-service and virus attacks, Website defacement and subsequent outages, credit card fraud, online extortion, online libel and slander. For additional information, visit: http://www.washingtonpost.com/wp-dyn/articles/A55719-2002Jun27.html.