Educause Security Discussion mailing list archives
Re: Cyber liability insurance coverage
From: Nathan Zierfuss <nathan.zierfuss () ALASKA EDU>
Date: Wed, 4 Jan 2012 10:54:26 -0900
We recently worked with a broker and found only 2 carriers to choose from. The coverages were different and the broker did a great job of distilling down the differences leading to an easy choice of who to go with. The prices were not significantly different. Surprisingly the better policy was cheaper at the level of coverage we wanted. Both carriers were a little light in their coverage amount for PII breach coverage so we adjusted this up along with the coverage for regulatory proceedings. We offset some of this be decreasing coverage for network extortion. One thing that stood out for me was while this insurance will cover events originating from anywhere but OFAC list countries we have seen a shift in threat activity in the last few years. It is increasingly motivated by ideology and/or state sponsored. Since most of these policies have exceptions for acts of terrorism and war how will claims for ideology motivated acts, intellectual property thief or DoS that are state sponsored be treated. Will insurers call them terrorism or acts of war to avoid the liability when they have the same impact. Nathan On Tue, Jan 3, 2012 at 8:14 AM, David Scott <dwscott () fhu edu> wrote:
We're about to review our liability coverage for cyber events and before we got started I wanted to see how involved any of you had been in this process at your institutions, and what you found? Please share your experience and findings. Thank you, -- David Scott Freed-Hardeman University dwscott () fhu edu 731.989.6434
-- Nathan Zierfuss, CISSP, Information Security Officer - Technology Oversight Services, University of Alaska 910 Yukon Dr. Suite 105, PO Box 755320 Fairbanks, Alaska 99775-5320 - Phone: 907-450-8112 Fax: 907-450-8381
Current thread:
- Cyber liability insurance coverage David Scott (Jan 03)
- Re: Cyber liability insurance coverage Payne, Shirley (scp8b) (Jan 04)
- Re: Cyber liability insurance coverage Nathan Zierfuss (Jan 04)