First standard for cyber data breach released
Saturday, 07 14 2018, Category: Technology, Country: World
ACORD, the global standards-setting body for the insurance industry, has released the industry’s ‘first standard’ for cyber data breach.
The ACORD Cyber Data Breach Standard has been developed in collaboration with broker Aon and specialist insurer Beazley.
Nearly 60 percent of insurers identify the lack of uniform data standards and forms as a key roadblock to the growth of cyber-insurance policies, according to ACORD.
Source: Intelligent Insurer