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ComputerWorld: HP Offers Site Insurance

Feb 22, 2000, 15:13 (0 Talkback[s])
(Other stories by Kathleen Ohlson)

"As companies scramble for new ways to protect themselves in the wake of the recent round of denial-of-service attacks, Hewlett-Packard Co. is hoping to cash in on this need. Beginning in May, the vendor will offer companies up to $2 million in insurance if they suffer revenue losses during a security breach involving HP Unix systems."

"HP last week teamed with Lansing, Mich.-based J. S. Wurzler Underwriting Managers LLC, which is backed by Lloyd's of London, and Interex, a nonprofit organization of HP users. Under the insurance program, J. S. Wurzler will underwrite the policies and Sunnyvale, Calif.-based Interex will offer the rates."

"The service will target online retailers, traditional companies moving to the Internet and online travel and auction sites. Though initially covering only HP Unix systems, the insurance may later extend to Linux and Windows NT products, said Steve Parker, HP's general manager of mission-critical services."

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