Home Depot said it expects $100 million in payments toward $232 million in expenses from its 2014 breach. The average cost of cyber insurance for corporates in the USA has risen by 32 percent in last year , having been flat for most of last year . Furthermore, there is now typically a cap of $25 million in place, with higher deductibles, which means that for companies like Target , which has to foot a bill of $100 million , that it is likely out of pocket. Another factor is that some companies are being told that even with a $100 million cap in place, the first $268 million has to be paid for by the company, not the insurer. Of course, all of this is only relevant to those companies that can actually find an insurer willing to take their risk in the first place.
The average cost of cyber insurance for corporates in the USA has risen by 32 percent in last year , having been flat for most of last year . Furthermore, there is now typically a cap of $25 million in place, with higher deductibles, which means that for companies like Target , which has to foot a bill of $100 million , that it is likely out of pocket. Another factor is that some companies are being told that even with a $100 million cap in place, the first $268 million has to be paid for by the company, not the insurer. Of course, all of this is only relevant to those companies that can actually find an insurer willing to take their risk in the first place.