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Cyber Insurance Policies On The Rise

DATA PROTECTION—U.S.

August 1, 2013

Cyber insurance has become increasingly popular among businesses, Live Insurance News reports. That’s because of high-profile data breaches at companies including Citigroup and Sony and at governments around the world, the report states. “We’ve reached a threshold where people are now coming to us instead of us going to them,” said one industry executive, adding that his company, Aon Corp., has sold more cyber insurance policies within the last year and a half than in the five years prior.
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