Despite the relatively new nature of cyber insurance policies, small businesses are finding value in their offerings, according to witnesses who testified before the House Small Business Committee on July 26. “It affords me the knowledge that if we were hacked, protective steps have been taken to address any potential damages to the company and my employees,”said Robert Luft, president of SureFire Innovations. […]

The fledgling cyber insurance industry may hold the key to improving cybersecurity practices across the nation, according to a panel of experts who testified Tuesday before a House subcommittee. “The expansion of cyber risks and the growth of the cyber insurance market are a tremendous opportunity for the insurance sector to lead in the development […] […]