The Register - Security

IEEE Spectrum Computing Channel

Jun 29, 2012

ENISA report calls for kick-start in cyber insurance market

Europe’s citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market can be kick started, says a new report from the European Network and Information Security Agency (ENISA).
ENISA report calls for kick-start in cyber insurance market
The report ‘Incentives and barriers to the cyber insurance market in Europe’  highlights the fact that while cyber security is an important concern for European and national policy makers, businesses and citizens, the traditional coverage offered by Europe’s insurance providers may, with some exceptions, not comprehensively address digital risk.
Obstacles to the development of an effective cyber insurance market include lack of actuarial data on the extent of the risk and uncertainty about what type of risk should be insured against. To address these issues, ENISA makes four recommendations:

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