Cyber Insurance 3.0: Risks, Rewards and Future Outlook

Document: Published Jun 6, 2013
Cyber insurance, the fastest-growing specialty line in the commercial market, is rapidly becoming vital to the financial health of organizations. Although it has been available since the late 1990s, cyber insurance is now gaining momentum among small and mid-sized organizations. In the past, it was primarily purchased by large and high-tech companies. It is no coincidence that the popularity of cyber insurance is escalating along with the number of data breach incidents. Whether caused by a hacker or human error, the frequency and severity of breaches are increasing.

Related Resources

  • Data confidence realized: Leveraging customer intelligence in the age of mass data compromise
    Document Published Date: Published Jul 18, 2017

    Hardly a week goes by without the media reporting a large scale hack of sensitive personal or account information. Increasingly, the public seems resigned to believe that such compromises are the new normal, producing a kind of breach fatigue that may be lowering the expectations consumers have for identity and online security. Still, businesses must continue to apply comprehensive, data driven intelligence that helps thwart both breaches and the malicious use of breached information and protect all parties’ interests.

  • Protecting the Customer Experience
    Document Published Date: Published Jul 14, 2017

    Fraud continues to grow and evolve, affecting consumers, businesses and agencies alike. As technologies evolve and information security tightens, the savvy nature of fraudsters becomes more sophisticated. Fraudsters are continually striving to be one step ahead of the next fraud-prevention strategy. As consumers move from face-to-face interaction to online and mobile transactions, there is a pressing need for more elaborate and accurate fraud prevention.

  • The three pillars of identity relationship management
    Document Published Date: Published Jul 13, 2017

    Identity relationship management is the next generation of identity management. Identity relationship
    management isn’t just knowing who a person is (or is not) or may (or may not) be at a particular point in time.
    Rather, it links people, places and things and enables a dynamic, context-based strategy that organizations
    can apply confidently throughout the User or Customer Life Cycle.

  • Video | The latest insights on e-commerce fraud
    Video Uploaded Date: Published May 10, 2017

    Our recent analysis shows that e-commerce fraud attack rates have spiked more than 30 percent over the last year. With the recent switch to EMV, data breaches and automation are driving online fraud more than ever.

    Experian® analyzes e-commerce fraud attack rates biannually by both shipping and billing locations. Fraud attack rates show the attempted fraudulent e-commerce transactions against the population of overall e-commerce orders. Download the listing of Top 100 ZIP codes in the United States for 2016.

    Watch this video and click here to check out our latest e-commerce fraud heat map.

Experian and the Experian marks used herein are service marks or registered trademarks of Experian Informations Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.