Companies can insure against cybercrime.

Thursday - 12/8/2011, 8:29am EST

Private companies can insure their cyber networks against crime. The Chubb Group of Insurance Companies is adding cybersecurity insurance to its portfolio, according to InsuranceNewsNet. The company says the new cyber coverage will help protect private companies against damages and liability if they're ever hacked. CyberSecurity insurance is a growing trend in the private sector. It is sometimes included with larger business-risk insurance policies.

This story is part of Federal News Radio's daily Cybersecurity Update. For more cybersecurity news, click here.