by Guest » Wed Feb 08, 2012 03:43 pm
I manage a data farm running 30 servers linked to at least 90 stations. Our primary clients are banks and airliners. We have all the basic forms of insurance in place to mitigate our risks. Something has been bothering me for a while. After the HBGary Federal incident I started asking my employees to regularly back up the data to a remote server in Nevada. What worries me is that storing data on a central server is like putting all your eggs in a single basket. It just doesn’t feel right. Is there any sort of insurance instrument to cover for data losses, data breaches, hack attacks, etc.?
Posted: Thu Feb 09, 2012 03:16 pm Post Subject:
Cyber insurance and data liability coverage is what you might want to look into. It covers data losses, data breeches, hacks and security failures. Some policies even cover loss of income and content liability. It wasn't a very popular product till a couple of years ago when Operation Aurora, Sony and Epsilon incidents created a demand for the product.
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