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Home > "Hacker insurance…..is expected to explode from a $100 million sideshow into a $2.5 billion behemoth by 2005" – Yahoo article

"Hacker insurance…..is expected to explode from a $100 million sideshow into a $2.5 billion behemoth by 2005" – Yahoo article

“The computer worm that clogged Internet traffic and shut down vulnerable corporate networks this weekend also provided another boost to the emerging market for hacker insurance….also known as ‘network risk insurance.'” [ link to Yahoo article ]

I’ve spent quite some time within the corporate sector alerting them to the issues with my “Business Network and Infrastructure Security” topic, coining the phrase “electronic joyriding” to describe what is going on. [ link ]

Insurance companies would find a presentation that melds insurance issues with network security issues to be of particular value. Here’s a document that outlines how I’d approach this area.[ adobe.gif brochure ]

There are a number of older articles I’ve written over the years that can be of use to those trying to figure out what is going on. [ link ]

The key thing is that if the Yahoo! article is true, then insurance companies need to step up to the plate to understand the market; the types of customers that are being impacted; how to sell into those markets (how many insurance companies have direct experience with I/T departments?) and other issues. I’ve spent quite some time in the insurance industry [ link ] so it would make for a perfect marriage of topics.

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