Cyber Insurance Offerings Growing In Response To New Threats

With the reports of growing numbers of cybersecurity vulnerabilities and ransomware attacks on medical devices, manufacturers should at least start to discuss purchasing cybersecurity insurance to cover the spectrum of risks, according to experts.

Attorneys at Covington & Burling who work with medical device companies to determine what insurance policies they should invest in say there's been a growing interest in the health-care sector in buying cyber insurance. As cybersecurity flaws in medical devices and ransomware attacks have become more prevalent, the experts suspect the trend will only continue. (Also see "The Ransomware Threat: Expert Says Device Firms Need To Prepare" - Medtech Insight, 3 June, 2016