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Cyber insurance: Is it worth the investment?

May 30, 2018

Via: CIO

Last year, Aon Inpoint reported about 80 percent of buyers of stand-alone cyber premiums were medium-sized to large companies. However, smaller firms are increasingly assessing their cyber exposure risk as concerns about the potential impact of a cyber incident continue to rise.

“The majority of breaches worldwide occur at companies with 1,000 employees or less because they’re low-hanging fruit for hackers,” explained Ed McGuire, director of specialty insurance at FBinsure. “These companies have minimal IT staff and moderate budgets.”

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