17 Oct '15, 11pm

Cyber Insurance — A Much Needed Thing for Bitcoin Sector

In today’s world, most of the work happens on electronic computing devices over the internet. Lot of information and assets are stored in electronic format on electronic media which are susceptible to unauthorized access by cyber criminals looking to make a quick buck either by stealing the assets or information which they can use to blackmail those it belongs to or sell it to the highest bidder. Any event like that can result in huge losses in terms of money, credibility, business etc. to the targeted individual or organization. In case of lawsuits, they may have to pay damages caused to the clients due to loss of information or assets. Cyber insurance covers any such costs or damages during such circumstances. There are variety of cyber insurance policies available. Few insurers offer only first party coverage, others third party coverage and there are some who offer both.

Full article: http://www.newsbtc.com/2015/10/17/cyber-insurance-a-much-...

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