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November 24, 2024
CISOs Gain Essential Liability Insurance to Combat Professional Risks
Cyberscoop
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Contributed by: Drex DeFord
Summary
CISO professionals can now access specialized liability insurance designed to protect them from claims of negligence or inadequate performance, a coverage previously unavailable to them. This new policy, introduced by New Jersey-based insurer Crum & Forster, fills a critical gap in professional protection for CISOs, who are often held accountable for cybersecurity incidents despite varying circumstances. The coverage includes liability related to organizational consulting and pro bono IT security efforts, offering a financial safety net in light of the increasing scrutiny of CISOs following major security breaches and related lawsuits.
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