Cyber 101: Protecting Your Business From Cyber Threats with Captive Insurance for Connecticut Bankers Association Quarterly
In the article “Cyber 101: Protecting Your Business From Cyber Threats with Captive Insurance,” published in the Connecticut Bankers Association Quarterly, CIC Services’ Christopher Gallo, Managing Director, and Dick Boccaccio, Insurance Consultant, discuss the dangers of cyber threats to businesses and the importance of having proper protection in place. The authors provide details about the escalating risk of cyber attacks. They then explain how captive insurance can provide comprehensive coverage and mitigate the financial impact of a cyber breach.
Why Captive Insurance Companies are Ideal Vehicles to Address Cyber Liability
- Captive insurance provides the necessary flexibility for an evolving threat
- Captive insurance can fill gaps in a commercial policy
- Captive insurance enables a business to maintain solid footing following an attack