CIO, CISO Left Out of Cyber Insurance Purchasing Decisions
A third of business and public-sector organizations buy cyber insurance to help protect them financially against data breaches and other security exploits, according to a new Ponemon survey. According to a Network Worldreport, the survey of 638 U.S. organizations shows that there is still a lot of skepticism on whether the insurance is worth the cost.
Another key finding is that the CIO and IT security divisions have only a small influence on whether to buy cyber insurance, while risk management, business leaders and chief financial officers have the final word, the article reports.