Hacking Insurance For Net Businesses

The Internet | Posted by emmett on Monday July 10, @12:07PM
from the lloyds-of-london dept.
Spasemunki writes: "ZDNet is carrying a story today on the new partnership between Lloyd's of London and Counterpane to offer 'hacking insurance' to businesses with big, expensive net presence. Is this a good-for-business acknowledgement that even the best security framework has flaws, or companies stepping back from protecting their customers in favor of covering themselves? According to the CTO of Counterpane, e-commerce businesses 'don't have to prevent hacking; they have to manage their risks.' Interesting perspective from a security wonk." Of course, I'd rather have cracker insurance.

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