Insuring the security of connected products is hard for a simple reason: they are too new, and too little is known about the economic losses or personal injury they might cause. What the industry needs is data, and analytics to translate statistics on losses into policy standards and consistent pricing. Only then can emerging industries like self-driving cars and network-connected medical devices really take off, says software security expert Josh Corman.
Efforts to build a strong insurance industry in this area are expected to begin bearing fruit in early 2016, experts say. A number of groups have begun setting standards for protecting cybersecurity in Internet-of-things devices, and the hope is that they will standardize insurance practice and begin establishing the legal standards for handling data, helping to determine who’s responsible for what losses when things go wrong, says George Washington University Law School lecturer Paul Rosenzweig. For the full article click here
from hacker samurai http://ift.tt/1ntBvLZ
via IFTTT
No comments:
Post a Comment