Hacking It

INTO THE BREACH

Survey respondents cite a wide range of computer- security threats.

• Detected security breach in past 12 months: 90%
• Acknowledged financial losses from breach: 74%
• Willing/able to quantify losses: 42%
• Total losses: $265.6 million (affecting 273 companies and gov't. agencies)

Source: Computer Security Institute

Point-&-Click Applications

The increasing popularity of, and competition in, cyberinsurance has prompted several insurers to develop a more flexible underwriting posture. Lloyd's of London, which entered the cybermarket six months ago with a requirement that applicants submit to stringent security audits, recently announced it would quote an insurance price to some applicants following completion of a detailed policy application.

Ditto for confusingly named Insuredotcom.com, a Seattle-based underwriter for Safeco Cyberattacks

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