Will the Cloud Drive Up The Cost Of Cyber Insurance?
November 28, 2012
Grazed from CRN. Author: Ken Presti.
International Computer Security Association Labs is working on a new initiative aimed at helping cyber liability insurance companies more accurately assess risk associated with cloud computing. An independent division of Verizon (NYSE:VZ), ICSA Labs has built a reputation around testing and certification criteria to measure product compliance and performance.
"We are teaming with the insurance industry to provide insurability certifications around cloud," explained Vinny Sakore, the organization’s program manager for cloud security. "This is a focus for 2013, and we expect to go public with an announcement sometime during the first quarter."…
Although cyber liability insurance has been protecting against risks associated with data breaches and network interruptions at the customer premises for several years, the advent of cloud computing has caused challenges in assessing the risk…
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