University of California at Berkeley and Cornell University revealed major security breaches in spring 2009. In July 2009, with the help of Temple’s insurance broker, the school acquired a cyber policy from insurer Chartis. In the 2-plus years since the policy took effect, Temple has yet to have had to file a claim. Not all policies offer the same protection, and reliability varies among insurers. The insurance covers Temple for consequences of a breach, such as credit-monitoring services for those whose information is exposed.”]
Source: https://www.inforisktoday.com/blogs/case-study-cyber-insurance-p-1126