Zurich Announces New Cyber Insurance for Manufacturing Industry

guest · Nov 11, 2019

Zurich Announces New Cyber Insurance for Manufacturing Industry
November 11, 2019
https://www.securityweek.com/zurich-announces-new-cyber-insurance-manufacturing-industry

Zurich says many manufacturing companies, particularly mid-sized organizations, have been unaware of the risks posed by cyber threats, which can have a serious impact on production and their reputation.

The company believes the manufacturing industry has become an increasingly tempting target to malicious actors due to the fact that many entities have failed to keep up with other sectors in terms of cyber defenses. That is why it has decided to create new endorsements in response to the threats faced by industrial firms in the United States.

The new insurance for manufacturers covers industrial control systems (ICS), including programmable logic controllers (PLCs) and supervisory control and data acquisition (SCADA) systems. It also covers hardware, software, firmware and data, along with specific input and output devices.
[...] Finally, the insurance covers backup systems used by companies as part of their defense strategy.
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Zurich: Zurich rolls out new cyber coverages for manufacturers

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