Re:Big Companies Thought Insurance Covered a Cyberattack
by arcticbull on Monday April 15, 2019 @01:45PM
(#19667169)
Maybe I'm misunderstanding but aren't a fire and a cyberattack both capped at 100% of the value of the company? If the fire takes out the whole place, or a cyberattack empties out an equivalent amount from their bank accounts, the difference feels immaterial.
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Re:Big Companies Thought Insurance Covered a Cyberattack
by thfuran on Monday April 15, 2019 @06:03PM
(#19669323)
What if a fire spreads to other properties not owned by the insured or destroys things on company premises but not owned by the company?
Re:Big Companies Thought Insurance Covered a Cyberattack
by arcticbull on Monday April 15, 2019 @09:04PM
(#19670255)
Fair point, I was wrong to say 100% of the property value, though I imagine the upper bound of the damage is fairly comparable in both cyber attacks and physical attacks.