“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.”