David Gura put together a news story for Marketplace discussing cyberinsurance and insurance coverage for risks, liabilities, and losses related to data breaches, hacks, and exposures of credit card numbers and information.
The lede is:
Target reported quarterly earnings for the first time since a major data breach that has affected more than 100 million customers. Target says it cost the company $61 million.
David was kind enough to interview me for the news story that was broadcast on the radio; he also quoted me in the written version of the story. I discuss potential sources of costs and loss that retailers likely would face after a hack and breach of credit card information. The story provides an overview of cyber insurance. It’s nice to see that it concludes with a point that insurance companies will have to pay in the event of a claim resulting from a data breach and cyber event. Please click on over and read the entire piece.
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