Page 123 - Cyber Defense eMagazine for September 2020

Is there coverage beyond the base policy?

For many organizations, having a cyber liability policy is a safeguard above and beyond their current
insurance policies. It’s an explicit certificate dedicated to aiding the recovery process should a cyberattack
occur. This approach is forward-thinking, as cyberattacks of all kinds continue to rise across the board.
Relying on a blanket corporate policy to cover cybercrime is a risky venture. These types of policies often
include language and loopholes that may exclude payment for certain types of disaster like acts of war
as an example. The first step in securing company data should be the protection of that data and the
engagement of policies and technology to prevent an attack in the first place. However, cyber liability
insurance is an additional precaution that’s recommended in case the unthinkable occurs.

About the Author

Darren is the Executive Chairman and Chief Revenue Officer at
Spin.ai. He holds 13 patents and his expertise covers
Cybersecurity, IT, Software, Big Data, and Networking. Darren is
based in Palo Alto, CA.

Cyber Defense eMagazine – September 2020 Edition 123
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