VentureBeat February 20, 2025
This article is part of VentureBeat’s special issue, “The cyber resilience playbook: Navigating the new era of threats.” Read more from this special issue here.
Today’s cyber attacks can be paralyzing — and extremely costly — for modern enterprises. Armed with AI, hackers are exploiting vulnerabilities faster than ever.
However, standard business insurance products such as general or professional liability policies (errors and omissions, or E&O) typically don’t cover losses or damages as the result of breaches or other cyber-related incidents.
This makes cybersecurity insurance increasingly critical in 2025 and beyond, particularly as AI transforms (and simplifies) hackers’ methodologies. Cybersecurity-specific insurance policies cover a range of remediation cost and recovery efforts to help enterprises limit damage, recover faster and...
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