David Gura interviewed and quoted me in his story, “Lucky for Target, the company had insurance.”

3d laptop with  combination wheelDavid 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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