Hacking Insurance ‘Surges’ Amid Cyber Crime Fears

Company fears over cybercrime stokes rise in cyber insurance policies, as European hack reporting rules loom

Tom Jowitt

Fears about hacking and data breaches are contributing to the growing market for cyber insurance policies.

Indeed, such is the concern about online crime among organisations that the insurance market for cyber protection could triple to $10bn (£7.7bn) by 2020, according to figures from reinsurer Munich Re.

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Source: http://www.silicon.co.uk/