Insurance Companies Reluctant to Create Cyber Incident Database

Insurance Companies Reluctant to Create Cyber Incident Database

Originally posted on WikiBreach on May 25, 2016.

Insurers could benefit from a new national cyber incident database but might be reluctant to input information of their own clients into that database. The Association of British Insurers (ABI) said the database would "contain details of cyber incidents including business interruption losses, ransom demands, loss of confidential data, and damage to IT systems" and help insurers "improve pricing" of cyber insurance policies.

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