Governance & Risk Management

Cyber Insurance: Separating Fact From Fiction

Attorney Richard Bortnick Addresses the Myths
Richard Bortnick, senior counsel, Traub Lieberman Straus & Shrewsberry

Many myths about cyber insurance persist. Attorney Richard Bortnick, in a video interview at Information Security Media Group's recent ISMG Fraud and Breach Prevention Summit in New York offers his perspective on what is fact and what is fiction.

See Also: Breaking Down Silos With a Holistic View of Security, Risk

Among the "myths" Bortnick addresses:

  • Cyber insurers fail to pay claims;
  • Money spent on cyber insurance would be better spent on security measures to prevent breaches; and
  • Small businesses don't get hacked so they don't need cyber insurance.

Bortnick is senior counsel at the law firm Traub Lieberman Straus & Shrewsberry.

About the Author

Eric Chabrow

Eric Chabrow

Retired Executive Editor, GovInfoSecurity

Chabrow, who retired at the end of 2017, hosted and produced the semi-weekly podcast ISMG Security Report and oversaw ISMG's GovInfoSecurity and InfoRiskToday. He's a veteran multimedia journalist who has covered information technology, government and business.

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