What is cyber risk insurance?

ABS-CBN News

Posted at Jun 22 2017 02:07 AM

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As cyber criminals become more sophisticated, even the most advanced levels of information technology security can still become vulnerable to cyber attacks.

In-house IT administrators may sometimes find themselves overwhelmed by the disruption that a data breach can inflict on the operations of a business or a state-run agency.

It's this scenario that experts say should be covered by cyber risk insurance that can safeguard against IT crisis situations and help restore compromised IT systems.

American International Group CEO Mark Lwin joins ANC’s Future Perfect to explain what cyber risk insurance is all about.

--ANC Future Perfect, June 21, 2017