Cyber breach insurance is a tool to mitigate the risks of data breaches. IT security pros need to be prepared to help their organizations avoid the hazards of choosing a policy that may not pay out when the worst occurs. Don’t use insurance as a financial replacement for investment in sound protection of databases and other data security infrastructure. Insurance companies are themselves taking baby steps into the market, even just applying for one of these policies may actually provide one of the biggest parts of the breach insurance value proposition, an IT expert says.”]
Source: https://www.darkreading.com/analytics/don-t-waste-your-money-on-cyber-breach-insurance