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Not everyone thinks so.  Mark Gilbert argues in a recent Property Casualty 360 article that cyber insurance is curbing companies’ ability to combat hackers because cyber insurance does not address the fundamental issue.

Recent mega breaches have driven hordes of companies to seek cyber insurance to protect them from potential data breach fallout. However, Gilbert believes that although these services protect a company in the case of a breach, “they haven’t done much to puncture the secrecy that surrounds the issue.” Gilbert would prefer to see companies directly address the issues at hand rather than see them remain idle to the actual threats, and he believes that the government can play a role in this. He argues that, “stricter rules obliging companies to confess when their security proves inadequate would improve the flow of information, both reducing the stigma and laying bare the true scale of the problem.”

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