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Stock impact report

FICO Survey: Most US Firms Have Cybersecurity Insurance -- But Only 1 in 3 Say It Is Full Coverage

Fair Isaac Corproation (FICO) 
Last fair isaac corproation earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: fico.com/en/investor-relations
Company Research Source: PR Newswire
SAN JOSE, Calif., Aug. 21, 2018 /PRNewswire/ -- Highlights:24 percent of U.S. executives surveyed say their firm has no cybersecurity insurance. Only 32 percent of U.S. firms said their cybersecurity insurance covers all risks. Only 26 percent of U.S. firms said their insurer based their premiums on an accurate analysis of their risk profile. Healthcare firms lag other industries, with 70 percent reporting they have no coverage. Ovum conducted telephone surveys for FICO of security executives at 500 companies in the UK and 10 other countries.The number of U.S. firms with cybersecurity insurance has risen in the past year — but less than a third say their cyber insurance covers all risks. The second annual cybersecurity survey from research and consultancy firm Ovum, for Silicon Valley analytics firm FICO, found that the number of U.S. firms reporting they have no cybersecurity insurance dropped from 50 percent in 2017 to 24 percent in 2018. This places the U.S. Show less Read more
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