There is no denying that cyber security issues have captured headlines over the course of the year. From the highly public Heartbleed bug to major data breaches affecting some of the largest names in business, there has been increased focus on data security. As we have noted in previous posts, in the wake of these events and in the face of new threats, cyber insurance has emerged as a viable option to transfer the risk of financial losses related to data loss. In just the past week a White House official went as far as to say that cyber insurance will be standard for businesses by 2020, just as property or liability insurance is now. But as the cyber insurance market continues to grow, how will large scale breaches affect the industry?
125 CambridgePark Drive
Cambridge, MA 02140