TOKYO -- Sompo Japan Insurance will next year launch a policy in which premiums vary depending on readiness for potential cyber risk by companies with factories exposed to the internet of things, or IoT, Nikkei has learned.
Along with Hitachi Solutions, owned by Hitachi, Sompo Japan will consider how well such facilities are prepared to deal with potential cyber attack. If they take sufficient preventive measures to lessen risk, their insurance premiums will be reduced.
