Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg

Focus is on the consequences, not the problem:

Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the goal-scoring limbs of David Beckham and the most remarkable assets of Dolly Parton, rather than coming clean about the perils of data breaches or pooling information so that threats can be properly quantified and addressed.

In short, they’re focusing on the consequences of cyber crime, not the causes….

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