Pervasive and chameleon-like, cyber crime is no run-of-the-mill nuisance. It can be costly, and it can be destructive. And it can strike big and small businesses alike. Given the dynamic nature of cyber threats, assessing cyber risk management options can be a challenging undertaking for companies.
Luckily, TechAssure, a consortium of technology risk management experts that includes The Plexus Groupe, has undertaken an important study of the cyber insurance marketplace.
Recently, TechAssure released its 2016 Cyber Insurance Benchmarking Report, a review of more than 750 cyber insurance programs between August and December 2015. As a proud member of TechAssure, we're pleased to share a sample of the report here.
“As the cyber insurance market matures, TechAssure enjoys a unique perspective in the marketplace – as our members have been managing cyber risks for more than 15 years,” TechAssure Executive Director Garrett Droege said. “Due to our extensive experience in managing technology risks, we are able to assist virtually every industry that is now grappling with the challenge of cyber risk management.”