Among its key findings, Zurich’s 2019 Advisen Information Security and Cyber Risk Management report found that 82% of respondents said cyber risk has become a significant concern across their entire organizations.
95% of respondents said that they expect business interruption to be covered under their cyber policies in the event of a claim.
Additionally, 75% reported that they expect contingent business interruption to be covered, reflecting awareness that third-party cyber breaches affecting vendors can impact supply chains and vital services.
The report found 74% of insurance buyers who changed their cyber coverages in the last year did so to purchase higher limits than those provided by their prior policies.
Cyber-related business interruptions are now a top concern among corporate risk managers, Zurich’s 2019 Advisen Information Security and Cyber Risk Management report found. Moreover, this increased worry over cybersecurity is fueling change within the cyber insurance marketplace as customers’…
