Insurance experts say cyber insurance is becoming mandatory for companies that contract with others. Experts say complex and complex cybersecurity and data protection is a principal reason for purchasing cyber insurance. The complexity of such policies, complete with fine-print exclusions, can leave an organization without protection it may think it has. The most high-profile recent example of that is Columbia Casualty Company v. Cottage Health Systems, a suit filed May 7 in U.S. District Court in California. A settlement for about $4.12 million received preliminary court approval last December.”]
Source: https://www.csoonline.com/article/2945359/cyber-insurance-buy-but-be-aware.html