Say you’re a health care provider. You buy data breach insurance policy to cover any potential hacks or breaches. you think you’re doing the right thing to protect your business.
Then, your data gets hacked. You file a claim with your insurance company. You’re denied. You go to court.
The insurance company says the health care provider failed to provide the required minimum security standards.
Its a case of first impression. It’ll make history and make legislation far and wide as the claims are state law and federal (HIPPA).