The Third Annual Survey on the Current State of and Trends in Information Security and Cyber Liability Risk Management
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Historians may look at the year 2013 as a sort of cyber tipping-point – the point at which businesses and governments finally realized the severity of the threats they were facing. Revelations about the NSA’s cyber espionage program, evidence of theft of business intellectual property by state-sponsored hackers and attacks on the U.S. financial system by the Syrian Electronic Army are a few of the many cyber events that made headlines.
Exposures such as operational disruptions due to denial of service attacks, lost or stolen data, violation of privacy laws and intellectual property infringement have long been a concern of larger companies. In 2013, smaller businesses began to increasingly realize that they were also at risk. As a result, information security risks became a risk management focus of more organizations and insurance cemented itself as a part of the cyber risk management strategy for a majority of organizations surveyed by Advisen.
Any information included in this publication, was compiled from sources believed to be reliable for informational and educational purposes only. All sample policies and procedures herein, if any should serve as a guideline, which you can use to create your own policies and procedures. We trust that you will customize these samples to reflect your own operations and believe that these samples may serve as a helpful platform for this endeavor. Any and all information contained herein is not intended to constitute advice (particularly not legal advice). Accordingly, persons requiring advice should consult independent advisors when developing programs and policies. We do not guarantee the accuracy of this information or any results and further assume no liability in connection with this publication and sample policies and procedures, including any information, methods or safety suggestions contained herein. We undertake no obligation to publicly update or revise any of this information, whether to reflect new information, future developments, events or circumstances or otherwise. Moreover, Zurich reminds you that this cannot be assumed to contain every acceptable safety and compliance procedure or that additional procedures might not be appropriate under the circumstances. The subject matter of this publication is not tied to any specific insurance product nor will adopting these policies and procedures ensure coverage under any insurance policy. Nor does Zurich endorse or reject the information presented herein. Zurich’s name and logos are trademarks owned by Zurich Insurance Company Ltd.
