Cyber insurance for companies is overhyped — even though it may be necessary

For those following the information security space, it can feel as if the past year was just a series of announcements with one corporate security breach after another. Breaches like Equifax, Marriot, and many more have entered the general consciousness after the personal details of hundreds of millions of customers have fallen into the hands of hackers. Fear of being the next target has led many companies to seek out guarantees that will limit their losses if they are breached, leading to a new market of cyber insurance policies. Given the hype around the threat of hacks, fueled by more…

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