In InfoSec risk management, one area that does not get much press is risk transference. That is, using insurance (or agreements) to transfer the risk to a third party. Brian Krebs makes the case, anecdotally, on his blog.
After an incident in which the attackers raided a company’s bank for $750K, “The company managed to recover three of the fraudulent transactions, and its total loss now stands at just shy of $100,000. Golden State Bridge is confident that after paying its $10,000 deductible, the insurance company will cover the rest…”Posted by