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Cyber attack Insurance a Challenge for Business

by The Gurus
June 9, 2014
in Top 10 Stories
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New York Times: Julia Roberts’s smile is insured. So are Heidi Klum’s legs, Daniel Craig’s body and Jennifer Lopez’s derrière. But the fastest-growing niche in the industry today is cyber insurance. Specialized policies to protect against online attacks are offered by about 50 carriers, including big names like the American International Group, Chubb and Ace.
As data breaches have become a reality of the business world, more companies are buying policies; demand increased 21 percent last year from 2012, according to Marsh, a risk management company and insurance broker.
 

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