Cyber liability insurance should not be considered optional. Why do we say this? Because the direct costs of a data breach will be significant, the indirect costs can quickly become devastating. Still, many companies forego coverage due to the perceived high cost of policies, confusion about what they cover, and a belief that their organization is immune to cyber-attacks.
As part of Cybersecurity Month, we were interviewed by the Kansas City Business Journal to discuss in depth why some insurance carriers may deny cyber security coverage for the business.