5 Tips For Navigating 'Wild West' Of Cyber Policies

By Jeff Sistrunk (March 16, 2015, 3:07 PM EDT) -- With insurers phasing out coverage for data breaches and other cyber-related risks from traditional policies, policyholders are increasingly turning to specialty cyber insurance products to protect themselves. However, standalone cyber insurance policies offer widely varied coverage, and the market is still a veritable "Wild West," according to attorneys.

"I think policyholders really have to make sure they're not just picking up a cyber policy and running with it, thinking they have addressed their cyber risks," said Gregory D. Podolak, head of Saxe Doernberger & Vita PC's cyber-risk practice. "They need to look closely at the product they're purchasing — or have...

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