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But it’s not. Most of the insured damages in cyber insurance are not for paying the ransom, but reputation also damage, liability, etc. The ransom is nothing.
by pyuser583 5y ago
But it’s not. Most of the insured damages in cyber insurance are not for paying the ransom, but reputation also damage, liability, etc.
The ransom is nothing.
- aliasEli 5y agoDo they also insure against reputation damage? How would that work and could they measure it?
- pyuser583 5y agoYes. How they measure damage depends on what specifically is insured. For example, a policy might cover the cost of a crisis management PR team. Or it might cover the cost of rebranding, including corporate reorganization. A wide ranging reputational risk policy can become very expensive, very fast. https://advisorsmith.com/what-is-reputational-risk-insurance/ https://advisorsmith.com/what-is-reputational-risk-insurance...