What Insurance Can Offer for Global Cyberspace Stability and Resilience
... cyber insurance market is just getting started. As of a few years ago, only 20 or so companies in Russia were covered by cyber risk insurance , and they were all covered by foreign insurers. But with the government’s declared priority to develop Russia’s digital economy, this is very likely to change. Who should buy cyber insurance? Does every company need cyber risk coverage? Ilona Stadnik: A New Cybersecurity Diplomacy: Are States Losing Ground in Norm-making? Well, this depends on your business model and a company’s exposure to cyber risk. The decision to buy cyber insurance should be preceded by a thorough assessment of your organization’s cyber risk and potential for financial losses. As a rule of thumb, I’d say the larger the ...
