Reality Check: Why Cyber Business Insurance Is Now Mission Critical

The costs businesses endure today because of cyber incidents continue to escalate — from lost profits caused by unexpected downtime and reputational damage to remediation and recovery expenses.

Regardless of industry, cyber coverage is not a nice-to-have; it’s now a vital part of comprehensive business insurance needed to protect an organization’s customers, employees and operational viability.

Business Insurance recently interviewed TransUnion^® Head of Global Cyber Insurance Matt Cullina to explore how the increased sophistication and potency of modern cyber threats are impacting commercial line policyholders and their insurers. This video features a few highlights from that session, including Matt’s views on:

• The most prevalent threats facing today’s businesses
• Technologies to help reduce risks caused by human error
• Strategies to prepare for and respond to cyber incidents