More companies buying insurance against hackers and privacy breaches -
Business - The Boston Globe
The threat of cyber hacking, underscored by the credit card breach at
Target, is now so great that US businesses are rushing to buy insurance
coverage against the expense of being hacked, or losing sensitive customer
information.
One in three companies now has insurance to specifically protect against
such losses. Last year, cyber insurance polices sold to retailers,
hospitals, banks, and other businesses jumped 20 percent, according to
Marsh LLC, a New York insurance brokerage firm that tracks the market.
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Source:
http://www.bostonglobe.com/business/2014/02/17/more-companies-buying-insurance-against-hackers-and-privacy-breaches/9qYrvlhskcoPEs5b4ch3PP/story.html
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