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I suspect that in the future, regulation of online things will lower the profits available to websites like this. They should have to pay a shit load of insura
by Flatcircle 3y ago
I suspect that in the future, regulation of online things will lower the profits available to websites like this.
They should have to pay a shit load of insurance if dealing in this type of business with lots of personal data.
And the mistakes for making this type of mistake should be monumental.
- alephnerd 3y ago> pay a shit load of insurance if dealing in this type of business with lots of personal data Chubb's and AXA have been offering this for a couple years now and I know some large companies have taken out a policy. The issue I've heard is the large providers rarely pays out as the pools are small and the risk profile for breach insurance is still actively being worked on so the exposure is potentially massive, so a lot of companies are forgoing Cyber Liability insurance. There needs to be active regulatory work to solve this chicken-and-egg situation