Like UPS, many companies are trusting their own IT departments to protect their systems from fraud. We rely on our technical people to protect our systems. In time, we'll look at the issue in depth. But we aren't getting ebusiness insurance at the moment. We need to prioritize our expenditures.
Many companies are too busy building an ecommerce presence to worry about insurance.
Before, we just haven't had time. The bursting of the Internet bubble in the second half of 2000 sent many Internet companies scrambling for funding, and caused many traditional companies to rethink or scale down their Internet strategies. But with tech stocks falling, many of these opportunities have since disappeared. E-risk insurance products are also so new that many finance managers either aren't aware of them or don't know how to use them. Ante Up High premiums are also scaring away some companies.