Canadian CROs are taking another look at cyber insurance

Dec 22, 2015 | Info We Value

 Howard Solomon – December 18, 2015    IT World Canada

“A Canadian company recently was the victim of ransomware: Attackers shut down one of its Web sites and sent a message — pay up within 48 hours or the rest of the site would also be shuttered.
Management didn’t call the bank, police. Instead one call went to their insurance company. “We were able to assist them by connecting them to some immediate legal expertise that would help them understand what the next step should be,” recalled Matthew Davies, director of professional, media and cyber liability at Chubb Insurance Co. of Canada.
Meanwhile the firm……”   Read more: http://www.itworldcanada.com/article/canadian-cros-are-taking-another-look-at-cyber-insurance/379526#ixzz3uhnpQFnG
or visit http://www.itworldcanada.com for more Canadian IT News
 

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