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Should Your Firm Invest in Cyber Risk Insurance? Case Solution & Answer

This Case is about  RISK MANAGEMENT

PUBLICATION DATE: July 15, 2012 PRODUCT #: BH483-HCB-ENG
Should Your Firm Invest in Cyber Risk Insurance case solution

Companies have been turning to cyber risk insurance as a way to better handle any resulting legal responsibility and cyber risks from data breaches. But is this approach? Herein, I examine the effect of cyber attacks on businesses, a number of the related U.S. law shaping private sector answers to data violations, as well as the extent to which cyber hazard insurance helps mitigate the cyber danger. I argue that companies must take a proactive stance toward handling cyber attacks-not only for their wellbeing, but also help secure vital national infrastructure and to improve general cybersecurity.

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