Cyber insurance explained, from selection to post-purchase | TechTarget
Part of:Understanding the ins and outs of cyber insurance
Before you sign on the dotted line, make sure you understand what cyber insurance can and can't do -- and what type of policy will do the most for your organization.
Late one night in October 2025, AWS went down, bringing critical services such as Venmo, Slack, Zoom, Ring and many more with it. Shoppers were unable to check out, leaving millions of dollars of abandoned online carts. Workers were unable to communicate and business halted for thousands of companies. The outage ultimately lasted about 15 hours, causing an estimated $38 million to $581 million in insured losses, according to cyber-risk analytics firm CyberCube.
"[N]ot all losses will be insured," cautionedCyberCube. That fact was both a relief to cyber insurers and a stressor for impacted businesses. The incident demonstrated the complexities of systemic risk and how...
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