5 ms·
Insurance also creates a moral hazard regarding proper cybersecurity. A risk/reward analysis may arrive to the conclusion that upgrading infrastructure and hiri
by NetBeck 7y ago
Insurance also creates a moral hazard regarding proper cybersecurity. A risk/reward analysis may arrive to the conclusion that upgrading infrastructure and hiring/training staff will be more expensive than simply paying more for insurance.
- viraptor 7y agoThat doesn't seem to make sense from the insurer's point of view. If your infrastructure is in a state so bad, then the risk is much higher and they would charge more. There would have to be either some kind of review before signing the paperwork, or the rules would exclude negligence in basic ops. Similar to how house insurance will ask if all entries have locks and the structure is sound/secure. If they prove it was left open - you're not getting your payout.
- stingraycharles 7y agoI think the insurance company would not accept any claim under these circumstances, for the same reason they do not cover burglary when your house is not properly secured.