As the number of breaches resulting in multimillion dollar losses grows, the need for cyberinsurance is making itself evident – but many traditional insurers are still hesitant to enter the space.
Tag: berkshire hathaway
Warren Buffett: ‘Cyber is uncharted territory and it’s going to get worse, not better’
During Berkshire Hathaway’s annual shareholders meeting on Saturday, CEO Warren Buffett warned that there’s about a 2% risk of a $400 billion disaster occurring as a result of a cyber attack of other issue.