to help a business manage them and one
of these options is to purchase insurance.
The Insurance Services Office (ISO)
has produced an insurance policy that
addresses many areas of concern in the
e-commerce area. EC 00 10 01 14, the
Information Security Protection Policy,
provides the insured with insuring agreements in eight separate categories. Here is
an analysis of the policy.
The first insuring agreement declares
the insurer will pay for a loss when the
insured becomes legally obligated to pay
Cyber Risk Exposures
The everyday use and reliance on the computer for today’s businesses is a generally accepted way of life. Computers handle business transactions ranging from the purchase of
$10 in gasoline at the local station to the purchase of a $10 billion
manufacturing company. The use of computers helps to smooth the
flow of business today. However, this dependability on computers
can also lead to huge problems for entities not prepared to handle
the problems that accompany such reliance.
Cybercrime, cyberterrorism and cy-
berdisruptions are problems that exist for
businesses and must be addressed. There
are various risk management techniques