"It's a potentially perilous situation for many companies," BlackBerry's Gary Davis wrote in a blog post. "While the costs of suffering a targeted cyberattack or breach continue to climb, their ability to insure themselves against a possible cyber disaster dwindles."
September 08, 2022 at 01:27 PM
4 minute read
The original version of this story was published on Law.com
Cybersecurity by nature is angst-inducing for in-house counsel. But here’s a scenario that takes the anxiety to a whole new level: Imagine shopping for cyber insurance and getting rejected for coverage.
The reason that would happen is chilling: It’s because insurance underwriters have concluded your company is a bad risk as a result of not doing enough to keep potential bad actors at bay.
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