Survey: More companies are buying network-security insurance

04/30/2013 | Information Management

A survey by human resources company Towers Watson has found that while more companies are purchasing network-security and privacy-liability insurance with a larger limit, most firms still don't have any liability policy. Though 97% of financial-services companies have a program for errors and risk management, firms need to do a better job of integrating it into operations and decision making, says Larry Racioppo, vice president of the executive liability group at Towers Watson.

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