Insurance or Assurance

Enterprise Channels MEA – Cyber Sentinels | Feb 4, 2018 | Page 24

Feat. Dr. Mike Lloyd, RedSeal CTO

We all must have heard about the Love bug virus— a cute little love letter, back in 2000, that landed in the inboxes of millions of people and destroyed data with a self-replicating computer worm. Little could be done to meet the aftermath. Well, it was way back in 2000—two decades back when threat awareness or the awareness to cope with it was limited. Earlier, technology companies bought errors and omissions (E&O) insurance that later begin to include coverages for software product creating downtimes, unauthorized access to a client system, data demolition, or a trojan.