This is why Cyber Insurance is booming

November 25, 2014

Home Depo had $100,000,000 in cyber insurance and a $7,500,000 deductible. So they're only out $27,000,000 this quarter, and only $6,000,000 after insurance. 

 

http://bigstory.ap.org/article/5f816c86eca5480ab52cec96493bef54/home-depot-faces-dozens-breach-related-lawsuits

 

This is why Cyber Insurance is the new big thing. I cannot imagine any incident from the pre-cyber days that could cost a megacorporation like Home Depot enough to justify a $100,000,000 policy. 

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