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July 29, 2013

ISO Enhances Its Cyber Liability Insurance Program with Media Liability Coverage

JERSEY CITY, N.J. – ISO announced today revisions to its e-commerce (cyber insurance) product. The E-Commerce Program enhancements from ISO introduce new insurance policies designed specifically for companies with a media liability exposure. Both a "claims-made" and "occurrence" version, each providing defense within limits, are available. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (VRSK).

The new policies complement ISO`s existing cyber liability insurance policies: the Information Security Protection Policy (for commercial risks) and the Financial Institutions Information Security Protection Policy (for all financial institutions).

ISO`s media liability policies offer eight separate insuring agreements: media liability; security breach liability; programming errors and omissions liability; replacement or restoration of electronic data; extortion threats; business income and extra expense; public relations expense; and security breach expense. All of them can be written with separate limits and deductibles. Similar to the existing ISO cyber insurance policies, the new media liability policies have associated manual rules and loss costs.

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http://finance.yahoo.com/news/iso-enhances-cyber-liability-insurance-140102430.html

Recent developments in the cybersecurity landscape have heightened interest in the challenges associated with accurately anticipating and understanding risk, and using that knowledge to better manage organizations.

Enterprises are better delivering risk assessment and, one hopes, defenses, in the current climate of challenging cybersecurity.

Nation-state types of threats may have a very serious impact on organizations. President Obama has directed the National Institute of Standards and Technology to develop a new cybersecurity framework. The administration has sharpened its focus on what can be done to improve cybersecurity throughout the United States' critical infrastructure.

In this podcast, a panel of experts discuss how predicting risks and potential losses accurately is an essential ingredient in enterprise transformation.

- See more at: http://www.ecommercetimes.com/rsstory/78587.html#sthash.uKinWVIy.dpuf

Recent developments in the cybersecurity landscape have heightened interest in the challenges associated with accurately anticipating and understanding risk, and using that knowledge to better manage organizations.

Enterprises are better delivering risk assessment and, one hopes, defenses, in the current climate of challenging cybersecurity.

Nation-state types of threats may have a very serious impact on organizations. President Obama has directed the National Institute of Standards and Technology to develop a new cybersecurity framework. The administration has sharpened its focus on what can be done to improve cybersecurity throughout the United States' critical infrastructure.

In this podcast, a panel of experts discuss how predicting risks and potential losses accurately is an essential ingredient in enterprise transformation.

- See more at: http://www.ecommercetimes.com/rsstory/78587.html#sthash.uKinWVIy.dpuf