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Article: The network is the risk: in August, the Zotob virus disabled CNN and ABC News, showing how vulnerable computer networks really are. In the financial services world, e-thieves can make off with financial data without leaving a trace. Corporate risk managers are beginning to recognize this exposure, and acting to mitigate it.(INSURANCE)
- Article from:
- Risk & Insurance
- Article date:
- September 15, 2005
- Author:
CopyrightCOPYRIGHT 2005 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As computer criminals become as sophisticated and swift as the technology they use to commit their crimes, corporate executives are taking a closer look at whether they should invest in network-risk insurance.
No longer just the province of Internet companies or e-retailers, network-risk cover gives companies vital financial protection in a business world where computer viruses can sweep around the globe in seconds and computer hackers can quickly abscond with the most intimate financial details of a company's customers. And as more businesses turn to the digital world for everything from accounting tasks to ordering supplies, and lawmakers up the liability ante ...