The Hartford has released a new cyber policy aimed at US-based asset management firms of all sizes to help them cover regulatory blowback that may result of a data breach.
According to Steve Prymas, vice president of management and professional liability insurance at The Hartford, “today’s asset management firms operate in an increasingly complex regulatory environment and face an unprecedented array of liability risks. With the SEC’s heightened focus on cybersecurity preparedness and threats in the securities industry, it is more critical than ever for asset management firms to have appropriate insurance for these types of risks.”
For more about The Hartford’s new coverage, check out this Insurance Journal article.