Governance

Cyber Insurance: Separating Fact From Fiction

Attorney Richard Bortnick Addresses the Myths
Richard Bortnick, senior counsel, Traub Lieberman Straus & Shrewsberry

Many myths about cyber insurance persist. Attorney Richard Bortnick, in a video interview at Information Security Media Group's recent ISMG Fraud and Breach Prevention Summit in New York offers his perspective on what is fact and what is fiction.

Among the "myths" Bortnick addresses:

  • Cyber insurers fail to pay claims;
  • Money spent on cyber insurance would be better spent on security measures to prevent breaches; and
  • Small businesses don't get hacked so they don't need cyber insurance.

Bortnick is senior counsel at the law firm Traub Lieberman Straus & Shrewsberry.


About the Author

Eric Chabrow

Eric Chabrow

Retired Executive Editor, GovInfoSecurity

Chabrow, who retired at the end of 2017, hosted and produced the semi-weekly podcast ISMG Security Report and oversaw ISMG's GovInfoSecurity and InfoRiskToday. He's a veteran multimedia journalist who has covered information technology, government and business.




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