The Wall Street Journal reports a group of insurers has joined forces to create a consumer-rating service for cybersecurity. The insurers will examine cybersecurity software and technology available to businesses and identify the products found to have best addressed cyber risks, such as data breaches, data corruption and cyber extortion. Insurers are expected to rate products that offer firewalls, encryption and threat-monitoring capabilities. Marsh & McLennan launched the initiative and will produce the results on its website. Meanwhile, a study from Beazley Breach Response Services found nearly half the data breaches it investigated stemmed from hacking or malware. (Registration may be required to access this story.)
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